Sold an Apple LEAPS

Earlier I sold a Marvell LEAPS. I just sold another. This time with Apple (AAPL). On April 4th I bought 1 AAPL 1/21/22 $245 Call. AAPL has been on a run so I decided to cash in on this LEAPS. I paid $41.50 for the 1 contract and just sold it, a month and a half later, for a whopping $95. I paid $4150 and I made a profit of $5350. This is a Return of 129%. I really hope you are starting to see what you can do with LEAPS. Relatively a small investment for a great return.

4/3/20 – Buy to Open 1 AAPL 1/21/22 $245.00 C @$41.50

5/20/20 – Sell to Close 1 AAPL 1/21/22 $245.00 C @ $95.00 

 Profit +$5350

I still have another Apple LEAPS. It’s a 1/21/22 $280 Call. I’ll hold this in the case AAPL continues up. If it pulls back a bit I’ll buy more.

I’m locking in some real nice money!

Successful Trading,

Steve

The Options Coach