Senin, 24 Juni 2024

Sell the Remaining Half of the AAPL Puts

The Opportunistic Trader

Sell the Remaining Half of the AAPL Puts

Mon Jun 24 2024

Hey traders, Larry here.

Today we're going to sell the remaining half of our position in Apple (AAPL) for about a 62% gain.

A couple week's ago, Apple's share price surged over a two-day stretch that left stock vulnerable to pulling back. We added puts to profit from downside in the share price, and we're closing out the second half of this trade for about a 62% gain. That comes to a blended gain of 57.6% for the whole trade.

Action to Take: Sell to close the second half of the AAPL August 16 $205 puts at market prices.

As always, keep an eye on your inbox for the next opportunity.

Regards,

Larry Benedict
Editor, The Opportunistic Trader

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