Free AAPL Options Trade
So far all the free option trade stuff I have posted on the blog have been profitable and have not needed any adjustments. Hopefully I can keep up the trend.
For this free trade, I got a suggestion from a member.
Eddy Hussain writes,
AAPL at 170.47
SELL 2 160 PUT
BUY 2 155 PUT
Max profit 152.00 Max loss 838.00
Use 10% of account.
Probability of success 75% according to TOS.
I really like this trade because it is right below a strong level of support. But I would not classify this trade as a conservative trade because it is pretty close to the money. 10 points in AAPL is not much. So the 75% probability of profit might be a bit misleading. But if AAPL moves up 5 points or more this one will be a slam dunk.
Let’s see what happens. Thank you very much Eddy!
Not sure how to option trade?
If you currently limit your asset mix to traditional investments, then you’re missing out on what could be a powerful tool and opportunity for growing and protecting your net worth.
There are many websites that promote options trading which costs big bucks but you should be able to find a trustworthy service that introduces how to option trade for free. Here at OptionGenius, we believe that money is a man-made commodity which should be available for everyone. All you have to do is read what we have for you and our blog is a good start.
Also, please browse our products and training section and learn the art of selling options and best online trading practices.
You did not give month of expiration for appl trade. My guess is Jan 2018