Thursday, June 25, 2009

Short July 125 AAPL put now under $1

Yes, with 22 days to go my short put has eclipsed the $1 mark. I looking forward to July 17 expiration and I'm hoping to receive a plaque from CBOE for my patience in holding an option to expiration.

An added bonus of holding until expiration is that if it expires worthless there are no closing costs, no further commissions. My brokerage, thinkorswim, does have a policy of making commission free trades to close out short option positions trading at under $0.05. It might make sense if it reaches $0.05 with a few days left, especially if I were to open another AAPL position going into earnings.

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