12-17-2012, 10:20 AM
I've taken a new strategy (for me). My wife's Ira has 100 AAPL shares, so I sold a weekly $510 put for around $1000. If the stock is below there at the end of the week, I keep the $1000, if not I have to sell all 100 shares.
Profitable if the stock ends the week under $520, but there is no way to lose money (apart from lost profits if the stock shoots to $600). Technically if you we're bearish on the stock you could do that every week for a year and make @$52k (100%+ return). I still think the stock will recover in the new year, tho (2m iphone 5s sold in China in three days).
Profitable if the stock ends the week under $520, but there is no way to lose money (apart from lost profits if the stock shoots to $600). Technically if you we're bearish on the stock you could do that every week for a year and make @$52k (100%+ return). I still think the stock will recover in the new year, tho (2m iphone 5s sold in China in three days).
Ex SWG, L2, CoH, Wow, and War
Currently PvPing in the stock market
Currently PvPing in the stock market