APP: collect $250 (0.6%) premium on this sold put with increased strike of $400.
Contract expires next Fri on 15th Aug.
APP rose 12% after earnings and closed at $437.34.
Early of the trading session, decided that APP momentum will likely sustained and decided to chase for some additional premium.
My existing sold put at $350 expiring 8th Aug will mostly likely expire worthless so am already initiating this new trade.
APP all time high peak at $525 so still have some way before challenging that zone.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 2.50 1Lot(s) | -- Closed |
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- fluffik·08-11Nice strategyLikeReport