New Unofficial Trade
New Unofficial Trade Hello Smart Option Sellers! Happy Friday! The rebound this week is still intact, although we're selling off again as I type. The catalyst for today? Apple's (AAPL) earnings disappointment. Is it really that bad for Apple? Depends who you ask and what you think of the company. I think we all know the value of Apple (not just its stock price) and the technology that it's brought to the forefront of the global population. Apple's sell-off today could be a great spot to jump into a new put-sell trade (unofficial). With the stock near $207 currently, I will pinpoint a few choices for your consideration. I offer up these unofficial trades from time to time when the stocks don't meet all of our Smart Option Seller guidelines. In this case, it's just the price of Apple that is holding us back. We like to stick with stocks not much more than $50-$60 per share. If you are inclined to get on the Apple train, here's what you can consider. Remember, these are unofficial trades and I will not be following them. Sell (sell-to-open) the AAPL February 15, 2019 $125 or $130 put options for a limit sell price of at least $.25 per contract or higher, as an opening transaction (sell-to-open). Or Sell (sell-to-open) the AAPL April 18, 2019 $115 or $120 put options for a limit sell price of at least $.25 per contract or higher, as an opening transaction (sell-to-open). The March 2019 options are also listed, but the lowest strike price on the board are the $150 puts. I'd rather use lower strike prices. But if the $150 strike is workable for you, then you can consider it. With Apple stock near $207 currently, the strike prices I mentioned above are a solid 37% - 44% below, giving an extremely large cushion for any more downside movement. Give the trade a look if you wish. Apple is an exceptional company, and this little blip lower could offer a great scale-in point. That's all for now. Let's see how the market shakes out over the next few days. If I feel confident that we may have turned the corner back to the upside, we will look at more new trades. Continue to hold all other positions as-is. Have a great weekend! Contact me here Regards,
Lee Let's Grab That Cash!