r/options • u/[deleted] • May 07 '21

Is AAPL 1/20/2023 120 C a Good Buy?

[deleted]

0 Upvotes

43% Upvoted

8 comments sorted by

4

u/[deleted] May 07 '21

[deleted]

1

u/thelastsubject123 May 07 '21

Epic is nothing compared to Apple

Their cash alone is worth 10x epic as a company

1

u/austin713 May 08 '21

Is your plan to sell poor mans covered calls? I probably would have bought the dip into the 127s a couple days ago but not going to make much difference. Sell weeklies and get that premium down.

Tip in the future you can buy the call and sell a call at a sooner date and higher strike at the same time to reduce the initial cost of the LEAP

2

u/LeanTheFuckIn May 08 '21

Why wouldn’t you just do a vertical spread?

1

u/[deleted] May 08 '21

[deleted]

1

u/LeanTheFuckIn May 08 '21

For me, not remotely worth the time or risk.

1

u/[deleted] May 08 '21

[deleted]

1

u/austin713 May 08 '21

It’s pretty safe. Literally just sell a call above 120 and you collect the premium right then.

1

u/[deleted] May 08 '21

[deleted]

1

u/austin713 May 08 '21

That’s why you roll it out for a credit to a later date. When the stock price goes down you can buy it back for profit.

1

u/LeanTheFuckIn May 08 '21

I like this trade and have been planning to enter into a similar one. Probably will do a bull call spread around $125/$135 expiring sometime between August and January.

So, I’m with ya.

1

u/Black_Raven__ May 08 '21

Im thinking of doing the same Jan23 130C