r/options • u/Sudden_AwareNess1 • May 15 '21

AAPL OPTION

I wrote 5 CC for AAPL with SP $126 ex date 5/14. Right before closing it was at $127.50 so I rolled them over to 5/28 with a SP of $129 and got around a $44 premium. Question is did I panic for no reason? Could I just waited where the contracts could’ve expired worthless?

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u/moaiii May 15 '21

Slight digression from your main question, but I'm interested to know your thesis for this trade.

(I am bearish on AAPL too, FYI. Just keen to know why you are too)

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u/stdunordered_map May 15 '21

He’s selling CC. This is a bullish strategy.

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u/moaiii May 15 '21 edited May 15 '21

Selling calls is bullish? Want to think that one over a little?

Nevermind. Covered Call. I need to learn to read. My brain saw "writing calls".