APPL Option Trading
Here is a trade I just put on in the personal account.
It’s an iron condor on Apple. It has a 77.43% Probability of profit with 22 days left to expiration.
Sell to Open June 355 Calls, But to Open June 360 Calls
Sell to Open June 310 Puts, Buy to Open June 305 Puts
For a credit of .63
For each contract you do, you get a credit of $63 which is the max gain on the trade. The max loss is $437. So the potential ROI is 14.41%.
Iron Condor Options
My plan for this trade is to keep it super simple. Let it ride until expiration. Look at exiting when up 10% or more. If I get down 15% or so I am going to exit. This is a small position and one I put on because my wife made me. I am teaching her how to trade options and she is coming up with her own trades. This is one she really feels good about and forced me to put it on with real money. Up until now she has been papertrading, and so I decided to share it with all of you as well.
New to Option Selling?
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So make the first step and dedicate some time to learn how to use options the smart way. Got something to share? Please feel free to leave your comments below.