Monday, July 27, 2009

Sold Long Term Jan 2011 AAPL Put

I just sold the 155 AAPL Jan '11 put for $26.10.  I will hold this until expiration, as it'll give me around a healthy $5/day income.  Then I will continue to sell AAPL put options only 3 months to expiration assuming AAPL's valuation stays reasonable (near $160).

I also got out of the AAPL 200 Jan call, selling it for $3.45.  A gain of $0.49 from buying it at $2.96 the other week.

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