Apple Inc
Updated

Opening (IRA): AAPL April 16th 107.5 Short Put

289
... for a 1.99 credit.

Notes: With a 30-day implied of 42.8%, expiry-specific at 41.8%, and earnings in the rear view, adding some Dow component high implied underlyings to my wheelhouse. I already have some BA in my portfolio, which has the highest 30-day of Dow components that have already announced earnings, and pretty much have all the high implied exchange-traded-fund bases covered. ROC 1.89% at max as a function of notional risk. I went with the 19-delta 107.5 in lieu of the 105 (15 delta) or the nonstandard 106.25. A little more aggressive than I usually go, but wanted to get at least 1.5% ROC at max out of it.
Trade closed manually
Taking profit here: Closing for .53 (73% of max with 31 days to go). 1.46 ($146) net profit.

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