Quote:
Originally Posted by 2008M36MT
Did you jump into AAPL at 130?
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Sort of. Back in mid-Oct I sold three 1/20/23 AAPL Put contracts at a strike price of $135. I collected $6.64/share in premium, so roughly $2k. Those will be assigned to me if the share price is equal to or less than $129.36 on the day of expiration, or perhaps earlier if it goes even lower than that.
So, I'll either be an owner of 300 shares at a price of $129.36 on 1/21, or I'll have pocketed $2k for the privilege of waiting for it to get there. Of course, if the price is $120 at that time I won't be too thrilled, but I have been consistent in saying that I'm a buyer at $130 even though I think it could go down 5-10% more than that.