The Art of Changing | Confessions of a Pragmatic Intellectual's Mind on The Constant in Life, Change!
Managing options trades often requires flexibility. Rolling positions can help minimize losses and extend time for your thesis to play out. Let’s analyze a real-world example using Apple (AAPL). The Situation This roll moved the strikes deeper ITM and extended the expiration by three weeks. Updated Payoff Analysis For the new spread: Important Note:You also…
Recently, I closed a vertical call spread on Apple Inc. (AAPL), both legs expiring on August 25: This bullish spread was originally sold for a $0.18 credit, aiming to profit from moderate upward movement in AAPL while capping risk. However, the trade didn’t go as planned—and the lessons learned were invaluable. 📘 What Is a Vertical…
📈 Trade Breakdown: AAPL Bull Put Spread – July 7, 2025 Today’s trade features a bull put spread on Apple Inc. (AAPL), a defined-risk, income-generating options strategy. Let’s break down the trade, explore its purpose, and analyze what to expect depending on market conditions. 🧾 The Trade Setup This creates a $5-wide bull put spread…