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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. (more…)

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In the trade last week with Apple where instead of just buying stock naked i.e. without dressing it and taking care of it by dressing it with a Call, we purchased 100 shares of Apple and then immediately sold the call on it. These were both market orders using zero buying techniques that anyone could do, even a monkey like me!

Now a day after we did this the stock dropped. Has this ever happened to you before? Of course it has if you have been investing for any length of time.

But if you had purchased the stock naked, your investment would be down about $4 Bucks a share now since it is trading around$149. Ouch….

Guess what? We are still smiling! Because we sold our July 170 Call on our stock, we put $8.25 per share in our pocket that we could go buy monkey food with. I do get hungry you know.

Even though Apple is down, we are still up $4.25 on the trade versus being down $4. That is an $8.25% difference. Can you say holy smokes Mr. Monkey?

We took care of our stock and dressed it and it is now taking care of us because we took care of it. Do you see why doing covered Calls in many ways is much safer and more profitable than just buying the stock?

I have some videos in the works that will explain the Why, What, and How of dressing your portfolio to make it safer and get much higher returns than you my have thought possible.

Andrew Anderson …AKA =  I Am An Investor Monkey