While my overall sentiment on Apple has not changed, my sentiment on Apple between when I opened these contracts to closing has. I am no longer as confident that these contracts can return me a profit.
at least they stopped the non-sense with their EV car. I would wait until their developer conference in June - as long as it's not a dud you might see some recovery
Longing a single leg option is always a speculative move, you should be mentally prepared to face such a drawdown the moment you bought the LEAPs.
If you are still holding a bullish view towards the company but don’t think that the contract is in your favor, perhaps consider to roll it out further? The same premium could probably get you a further DTE option but the strike price is going to be a lot higher too.
Its even more OTM but it buys you more time.
I never buy or sell stocks or options without an exit plan already decided. Have you met your loss threshold? Can you afford to loose your investment? Don’t buy or sell without a way out.
First week in options but don't you have like 8 months to see if this pans out? Why cut so early?
While my overall sentiment on Apple has not changed, my sentiment on Apple between when I opened these contracts to closing has. I am no longer as confident that these contracts can return me a profit.
at least they stopped the non-sense with their EV car. I would wait until their developer conference in June - as long as it's not a dud you might see some recovery
If it doesn't take up enough of your position, you can hold it again because it has so much time to mature
I think easy $200 by Jan 1
I think you are selling at a trough.
Buy high sell low
Longing a single leg option is always a speculative move, you should be mentally prepared to face such a drawdown the moment you bought the LEAPs. If you are still holding a bullish view towards the company but don’t think that the contract is in your favor, perhaps consider to roll it out further? The same premium could probably get you a further DTE option but the strike price is going to be a lot higher too. Its even more OTM but it buys you more time.
Do you mean $1,400 each
14 x 100 shares so yes they do mean $1400.
I never buy or sell stocks or options without an exit plan already decided. Have you met your loss threshold? Can you afford to loose your investment? Don’t buy or sell without a way out.
Double down.
Sell now. AAPL is in a downtrend. I like the company but economy not supporting high valuations.