So we still have another month before the first is here, and I have got a couple trades going right now. One is in AAPL, and I opened it up friday. Here are the details, I bought 2 of the 125 19feb21 calls for 700 each. and then sold 2 of the 125 11dec20 calls for 102 dollars each. So my money at risk is 598X2 so 1194 total
So target of 2 to 5 percent on ll96 is $24 to $60 that is where I should look to take the trade off. I am not really concerned with commissions yet as it will be 6 dollars total for all trades. So I guess I could figure bumping up my targets by 6. It is a very conservative profit target, but remember I am going for consistency in this strategy.
The trade at the end of the day Friday sits with we down $19 but all I need is apple to stay flat or creep up a bit. Trade was put on with apple at 122.41 I like to sell the premium as I can still lose money on my options, but make more on the ones I shorted.
Will update when I exit the trade.
