Earlier I sent out a post reporting a trade I made yesterday. Also in that post I spoke about a few things I was looking to do today. I mentioned I owned 8 Apple LEAPS I’ve been holding since the stock did a 4:1 split. 4 of the 8 LEAPS I just sold. I owned 4 $95 LEAPS and 4 $110 LEAPS. I sold the 4 6\/17\/22 $95 LEAPS.<\/p>\n
On 7\/23\/20 with Apple at $383 I bought 1 AAPL 6\/17\/22 $380 Call. I paid a $67.50 premium. A few weeks later the stock did the 4:1 split. Below is the original order for the 1 LEAPS.<\/p>\n
7\/23\/20 \u2013 Buy to Open 1 AAPL 6\/17\/22 $380.00 C @ $67.50<\/strong><\/p>\n The stock split on 8\/31\/20 and I ended up with 4 contracts of the 6\/17\/22 $95 Calls. My premium was now at $16.88 for the 4 contracts. I just sold these LEAPS for a premium of $47. This is a profit of $30.12. Remember, this is $30.12 per share. The 4 contracts are 400 shares. My profit from this position is $12,048.<\/p>\n AAPL 4:1 Split adjusted LEAPS Position<\/strong><\/p>\n 8\/31\/20 \u2013 Buy to Open \u00a04 AAPL 6\/17\/22 $95.00 C $16.88\u00a0<\/strong><\/p>\n 1\/21\/21 – Sell to Close 4 AAPL 6\/17\/22 $95 C @ $47.00\u00a0<\/strong><\/p>\n I held this position for about 4 months and my Return on Investment (ROI) is 178%. This is the power of buying LEAPS, long term options.\u00a0<\/p>\n This position still had a year and a half until expiration. Most readers know I like to take profit. Believe me, I’ll be putting this money back to work. Also, remember I still own more LEAPS with AAPL. I still own 4 AAPL 6\/17\/22 $110 Calls. I’d love to grab another $12K on that position. Which can happen. Apple is still moving. Right now this position has a profit of $7000.<\/p>\n If you have any questions concerning this position send me an email.<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" Earlier I sent out a post reporting a trade I made yesterday. Also in that post I spoke about a few things I was looking to do today. I mentioned I owned 8 Apple LEAPS I’ve been holding since the stock did a 4:1 split. 4 of the 8 LEAPS I just sold. I owned […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-10115","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2D9","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10115"}],"version-history":[{"count":3,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10115\/revisions"}],"predecessor-version":[{"id":10118,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/10115\/revisions\/10118"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Profit +$12,048<\/strong><\/span><\/h4>\n