short calls on AAPL

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.

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