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Technology Stocks : Apple Inc.
AAPL 278.79-0.7%Dec 5 9:30 AM EST
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To: rnsmth who wrote (169867)5/27/2014 9:33:14 PM
From: MGV  Read Replies (2) of 213173
 
Since the end of February my Jan 2015 $600 calls are up 270%.

I still haven't closed out a slew of Jan 2015 puts with strikes ranging from 430 to 490 that were sold at prices ranging from 80+ to 110+. Eg 10 Jan 2015 455s were sold on two dates last June for an average premium of 105.99. Today they are b/a 2.39/2.67. The carry on the premium was used to buy blue chip dividend growers that are up total return north of 15% over the last 11 months. It isn't often the market serves up equivalent opportunities. I could have sold 600 strikes and made much more if I had had a crystal ball. It wasn 't needed to make a tremendous return with the risk of a company trading at less than 10x then consensus earnings with a break even at less than 9 times without adjusting for the cash.
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