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

Credit .81

Max profit 152.00 Max loss 838.00

ROI-18.1%

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!

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1 Comment

  1. Doug Mace on November 17, 2017 at 9:27 pm

    You did not give month of expiration for appl trade. My guess is Jan 2018

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