this morning we sold (wrote) january 500 strike calls on AAPL..that's a little more than 26% out of the money from where the stock traded when we opened the trade.
- 26% out of the money three months out is a pretty good buffer even for AAPL
- should AAPL begin to slide lower we will likey take partial profits at some point and let time decay (theta) work its magic for us
- as always any trade including this one is never a recommendation but simply us narrating our trades.