Monkey Play Equals Money!
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Apple pushed past 161 today. Not really a big surprise for anyone keeping up with my trades here. The July 155 Calls APVGK are now bid at $17.50. So the 5 we have free and clear are now worth $8,750. Since we originally purchased 10 contracts for $6,000 and then sold 5 contracts for $6,000 and got all of our equity back, we are now holding these contracts with a ZERO cost basis. The questions is, what is our ROI?…..Exactly…like in the movie “The Toy Story” to infinity and beyond!
Our Apple July 190 Calls APVGR are now at $4.65. I have to go back and look at the trades but I think I might have sold half of them at $5.20. We got into those at $2.60 so we are fine there. I am going to put an order in to sell them all for $5.20 so that I can get into a different play.
Now on to our Covered Call play on our Stock. Since I am doing these as Monkey Plays and keeping things simple, (so that I can do them) I did not buy back the calls last week when they went down to around $5 and sell them at a much higher price today. I probably should have mentioned that, but here again, Monkey Plays…. We are keeping them easy so we are not getting fancy here. We sold the calls at $8.25 and they are now up to $10.50. This is the one where we can make almost 80% if things keep going the way they are.
OK, enough of that stuff, I have to play with my other online businesses and make some money. Have some cool new ones that you might want to check out. I will throw a blurb up here about one of them.
Have a great weekend and if you have not done this play yet, I still think that you can do a covered call on Apple and do very, well.
Cheers,
Andrew Anderson
