Dumped my AAPL Naked Put
I was planning to wait it out, but decided to get out of AAPL this afternoon with a ~$30 profit. I sold one naked put a couple of weeks ago. I was up $300 as of this morning on paper, but held and saw AAPL’s price fall throughout the day. I gave in when I saw an article about the issues iPhone is having.
A month or two ago I would have held on to work out the profits with a covered call, but after January’s losses I’m gun shy and decided I could use my money better elsewhere. I took in $489.25 and paid $460.74. While AAPL was at 117.43 I bought my naked put back. AAPL rose 50 cents a few minutes later and then came right back down and even went below 116 briefly. I’m not so bearish on AAPL that I’m selling calls on it or shorting it in […]
Original post by Alex Fotopoulos