Prior to I get to today’s trades, let me know how many of you watched the Iphone eight and Iphone X announcements currently and if you imagine the gross sales will be as strong as envisioned. I’m however quick an AAPL Oct $a hundred and sixty put and plan to let it operate for a couple of a lot more months, if not all the way to expiration. I’ll almost certainly be more than enough of a sucker to obtain the Iphone X way too. (Who can resist poop animojis?) I’ve experienced my Iphone 6 due to the fact January 2015 and would like a much better digital camera for the trip I’m preparing with my son to Greece upcoming summer time. I don’t need to have it. No one does. But I’d like to have it and my son would be content with acquiring an up grade to my present-day Iphone 6. My Iphone 6 however works fantastic and I imagine I could hold my upcoming telephone for closer to 4 many years instead of just shy of a few many years. The Iphone X won’t be out there to purchase for an additional thirty day period and a 50 percent, so I have time to make up my thoughts. If the marketplace is superior above the upcoming 6 months or at the very least if I trade properly, I’ll be a lot more inclined to shell out the funds on one thing I don’t basically need to have.
The limit purchase I placed yesterday to close my MDY September naked put strike this early morning. Whilst MDY was investing at $318.sixteen, I purchased to close 1 MDY September $320 naked put for $three.00 and paid $three hundred.24 such as $.24 in fee. Much less than an hour later, my new limit purchase to sell a December put strike. Whilst MDY was investing at $318.35, I bought to open 1 MDY December $320 naked put for $9.thirty and obtained $929.seventy four after paying $.26 in fee.
I remaining above a greenback of time benefit in my September put, which wasn’t my most effective go, but at the very least I obtained out of this put with a understood gain of $549.50. There is no telling if MDY will go up a lot more this week. If it does, then I unquestionably manufactured a error in closing this 1 early. If it drops, possibly it was superior to roll it in advance of expiration.
My property didn’t lose electricity yesterday as Irma passed above Atlanta. Some neighborhoods close to me did and a significant element of the nearby city experienced no electricity currently as I went out to lunch and observed all eating places shut. I’m fortunate this time and really feel for all those who are however without electricity and won’t have it for days to come. Now I get to go out in my garden and thoroughly clean up leaves, sticks, and limbs that fell into my garden from the winds.
You can find my YouTube trade video here.