Buy AAPL via selling a vertical put spread
Buy Feb 410 puts
Sell Feb 420 puts
for a net credit, AAPL @447.2
If you follow the market at all, you already know about the blowout earnings news. Apple stock has been range bound. The Fed news did not do much for the stock. 420 is the previous close so would be a good entry point in the unlikely event that it declines that much.
Elsewhere, bonds, gold, and stocks are all higher on the Fed news. Interesting. I am getting killed on my GDX puts (owning GDX puts is a bearish bet on gold mining stocks). Gold miners are one of the strongest sectors today. Rally in SPY has moved me to delta neutral.
Long AAPL AMZN BRKB EEM
neutral SPY
Short GDX
No comments:
Post a Comment