$APP 20250328 370.0 CALL$ APP has a big fall on last Thursday after short seller - Muddy Water Research accuse them of questionable business practices. The stock tanked over 20%. Now APP has hired lawyer to look into this and taking actions against them.
A covered call position on this has now expired worthless. While get to keep the full premium but totally upset that the share price took a while to recover from low $200 back into $300 has now been erased. With the over all market sentiment binging so bearish, it's gonna take a while again for recovery. Sigh...
meanwhile will have to readjust the strategy on selling option on APP. $APP 20250328 370.0 CALL$
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