I was able to pull this off this morning with 575 puts and 615 calls in about 20-30 mins total for 30% and 70% gains. Time value is just murdering the OTM options now.
On a serious note, whether this goes up higher or not, not a lot of willing buyers at this point IMHO. Bears got burnt on their way up and bulls are now sitting comfortably. The final fuel will most likely be a short squeeze by which dumb money will try to catch the "breakout" and institution will dump it on them. My 2 cents...
Long term plan, accumulate shares of AAPL over time and sell covered calls to get them free
On a serious note, whether this goes up higher or not, not a lot of willing buyers at this point IMHO. Bears got burnt on their way up and bulls are now sitting comfortably. The final fuel will most likely be a short squeeze by which dumb money will try to catch the "breakout" and institution will dump it on them. My 2 cents...
Long term plan, accumulate shares of AAPL over time and sell covered calls to get them free
A sound strategy, although in order to even sell 1 covered call, you would have to invest $60,000 in one equity. Not something most people can do.