aapl options possible trade idea

oh shit sry guys.. i see where the issue is.

I meant to say sell put of 510 for 13. which has changed to 7 now cuz of stock's move.

and buy call 550 for 13. which has changed to 10 now.
 
regards...after looking at the trade here is what I did..

sold the Nov1 540 calls (big contract on a 1:1ratio)
bought Nov2 545 calls...........................$114 credit less comm costs did 2 contracts. If aapl tanks I'm ahead 114 (less comm) they will expire.
If aapl goes up...near week vol will crush and I should be able to close perhaps with more credit. I'll let you know how it worked out.

interesting idea..:)
 
Quote from regardspratik:

oh shit sry guys.. i see where the issue is.

I meant to say sell put of 510 for 13. which has changed to 7 now cuz of stock's move.

and buy call 550 for 13. which has changed to 10 now.
More...

crazy risk in that trade...but if you want to own aapl mini at $510 then fine.
 
regarding 1st post- I cant sell call as my broker wont allow it in my acct (start up).

2nd post- If the stock tanks below 505, I will cut my loses and move on, I am certainly not going to wait for it to expire.
 
I have gotten long position.

lets see wht happens

sold put of 510 @ 70
bought call of 550 @ 86

I will reply back here tomorrow to let you know.

@richard, please let me know how things go with you.
 
Quote from RichardRimes:

regards...after looking at the trade here is what I did..

sold the Nov1 540 calls (big contract on a 1:1ratio)
bought Nov2 545 calls...........................$114 credit less comm costs did 2 contracts. If aapl tanks I'm ahead 114 (less comm) they will expire.
If aapl goes up...near week vol will crush and I should be able to close perhaps with more credit. I'll let you know how it worked out.

interesting idea..:)
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don't know if you took the trade regards but hopefully your 510 will be OK...my plan is to let the short 540 call expire this week then sell any residual value of the following weeks 545 to add to my little credit of $100...at least it made the time pass....:)
 
well at this moment as i write its at 511. so dont know if it my 510 put will really hold up. i certainly hope so.

you are right it def did pass time.

dont know why the hell its down it BEAT every expectations!!!
 
Quote from regardspratik:

regarding 1st post- I cant sell call as my broker wont allow it in my acct (start up).

.
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I'm sure you could sell a call spread...ask them. Most major brokers allow any defined risk trade. Looks like you may be OK..trading 525..see how it goes tomorrow if its not much lower you can either buy a lower priced put to reduce your risk or just roll till the cows come home....
 
Quote from regardspratik:

I have gotten long position.


@richard, please let me know how things go with you.
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closed the trade for .50 credit...I probably could have held the 540 short call but I don't trade equities and don't feel comfortable holding this position...net credit per contract was just over a buck. GL in yours..looks better this am!
 
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