Apple Inc
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AAPL High Conviction Reversal

1 117
Apple is at key trendline and 200SMA support right now. It is one of the more oversold tech players and will likely reverse back to its mean.

Trade Ideas:
  • Shares: Long around 117.5 for 125 and 130+. 5-10% Swing.
  • Covered Call: 131.25 expiring 4/16 for $1.5 credit. 17.5% assignment probability and a 12% covered return.
  • Credit Put Spread: 110-111.25 strikes expiring 4/16 for $0.33. 64% POP and max loss of $92.
  • Short Put: 100 expiring 4/16 for $1 credit. 92% POP and $1000 BPE for a 10% max ROC.
  • Strangle: 100-140 expiring 4/16 for $1.65 credit. 80% POP. $1170 BPE for a 14% max ROC
交易开始
Close Short Put. The 100-strike SP is currently trading for $0.38, so, close for a 62% or $0.62 per contract profit.

While all the other mentioned trade ideas are currently in profit, I see more room to make profit as time decay ramps up.
注释
Close Strangle. The 100-140 Strangle is currently trading for $0.77 for a $0.88 per strangle or 53% Profit.

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