As you know, I’ve been accumulating LEAPS with Apple (AAPL) and Tesla (TSLSA). I’m getting into them to hold through the upcoming splits. However, with the stocks moving so much I’m cashing in on some as we go. Yesterday I sold a TSLA LEAPS with a $7500 profit while holding the position only 1 day. Today with AAPL on the move I just sold one of my LEAPS. This LEAPS I got into on 7\/23 and the stock was at $379.50. I paid a $58.50 premium. The stock was at $463.30 and my LEAPS’ premium was at $124. I held this position for less than 1 month and I locked in a profit of $6550.<\/p>\n
7\/23\/20 \u00a0\u2013 Buy to Open 1 AAPL 1\/21\/22 $380.00 C @ $58.50\u00a0<\/strong><\/p>\n 8\/18\/20 – Sell to Close 1 AAPL 1\/21\/22 $380.00 C @ $124.00\u00a0<\/strong><\/p>\n Let’s take a look at the power of LEAPS.<\/p>\n If I bought the 100 shares of the stock at $379.50, when I bought the Call, I would have spent $37,950. And sold today with the stock at $463.30, I would have made $8380. That’s a Return on Investment (ROI) of 22%.<\/p>\n I bought 1 contract at $5850. I just sold for $12,400. My profit is $6550. This is a ROI of 111.9%.<\/p>\n You tell me, would you rather invest $37,950 and make $8380, or invest $5850 and make $6550? This is a no-brainer! 22% is great by compared to 111.9% is what makes this a no-brainer. The power of LEAPS! stay away from short term options!<\/p>\n If AAPL or TSLA pulls back tomorrow I’ll be getting into more LEAPS. I want to be holding some into the split. At the moment I’m holding (2) 1 contract LEAPS with TSLA and with AAPL I have a 5 contract and (2) more 1 contract LEAPS. You can see them on my “Active Trades\/Current Positions<\/a><\/span>” page under LEAPS.<\/p>\n This is shaping up to be one hell of a week.<\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" As you know, I’ve been accumulating LEAPS with Apple (AAPL) and Tesla (TSLSA). I’m getting into them to hold through the upcoming splits. However, with the stocks moving so much I’m cashing in on some as we go. Yesterday I sold a TSLA LEAPS with a $7500 profit while holding the position only 1 day. […]<\/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-8505","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2db","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/8505","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=8505"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/8505\/revisions"}],"predecessor-version":[{"id":8507,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/8505\/revisions\/8507"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Profit +$6550\u00a0<\/strong><\/span><\/h4>\n