The tumble in the markets today hit the majority of stocks. The tech sector especially was hard hit. Apple Stock fell to $120.99 by the close of the day.
I have a number of positions in Apple Stock that are now in-the-money and at risk of assignment of shares. While I have plenty of capital to pay for the shares, why pay now when there is still more profits and income that can be earned. As well, who knows, the stock could recover shortly which would make a further roll-down unnecessary.
Since I know the plan and the goal for my trade at the time of placing it, here are the steps down on Thu Feb 25 2021 in the drop in the stock to protect my capital and continue to increase profits in the Apple trades.
These trades are for FullyInformed Members.
Apple Stock (AAPL) Rolling Down In-The-Money Credit Put Spreads – Feb 25 2021
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.