Apple (AAPL) is scheduled to report earnings after the close today. The stock is running up into the announcement and our call is deep in the money. However, it’s possible shares could sell off sharply if earnings disappoint. Therefore, I am recommending we buy a protective put to hedge our position. If AAPL declines sharply…
Our Apple (AAPL) call is deep in the money. I am recommending we spend some cash to roll it out to the February expiration and pick up an additional $4 per share in potential capital appreciation. We will be purchasing a protective put to hedge the position prior to the company’s earnings release, which is…
I am recommending we roll our Apple (AAPL) and Target (TGT) calls to generate more income and reduce our cost basis on the positions. Both stocks are up nicely to start the new year. Note that we are likely to hedge both companies’ upcoming earnings announcements with protective puts. AAPL Jan Monthly (1/20) 135 Call…
I am recommending we roll our January monthly Apple (AAPL) and Target (TGT) calls to lower strike prices while keeping the expiration date the same. This will allow us to generate more income and reduce our cost basis on these long-term positions. AAPL Jan Monthly (1/20) 150 Call Current Stock Price: $126.71 Cost Basis: $150.18…
I am recommending we roll our Apple (AAPL) and Generac Holdings (GNRC) calls out to the January monthly expiration and to higher strike prices to capture a mix of income and potential appreciation. Today’s decline in GNRC is much bigger than the sell-off in the broader market, but as you know, this is a volatile…
I am recommending we roll our Apple (AAPL) and Generac Holdings (GNRC) calls out one week and to lower strike prices to generate more income and reduce our cost basis on the positions. Apple has been bit by analyst forecasts of reduced iPhone sales due to COVID-19 lockdowns in China. Meanwhile, Generac Holdings has moved…
Apple (AAPL) has run up more than 10% in just over a week and our call is deep in the money. I am recommending we roll it out two weeks and to a higher strike price to avoid having our shares called away. While we will be spending a bit of cash to do so,…
Apple (AAPL) is bouncing back today with the broader market. A strong earnings report late last month has been overshadowed by concerns about iPhone supply limitations due to COVID-19 lockdowns at the world’s biggest iPhone assembly factory in China. I expect the production issues will be sorted out relatively quickly. And although analysts are forecasting…
Apple (AAPL) was a bright spot amid disappointing earnings reports from big tech companies, beating estimates on the top and bottom lines. Revenue was up 8% year over year, while profits rose slightly. Shares initially popped following the announcement, but the stock has sold off more than 10% this week, weighed down by news about…
Unlike many of the big-tech names, Apple’s (AAPL) earnings did not disappoint, and shares have rallied around 7% so far today. The protective put we purchased to hedge our covered call position is on track to expire worthless. We will simply watch it do so. If the stock continues to run, I may recommend rolling…
