mmccord
Active Member
I was holding 6 each of Sept 275 and Dec 300 calls. Turned them into spreads today by selling Sept 290s and Dec 310s. My cost basis on both spreads is negative. At expiration: Min gain 760, max gain just shy of 15k.
Also cleared out my 200 shares so i can sell some weekly puts if we get a dip this week.
Well this worked fantastically. Sold a pair of 272.5 puts today at 4.65.
Lots of buying power this time around if we drop into the low 260s. With Apple dragging the market down tomorrow we might get there.