More LEAPS Positions With Apple & TSLA
We have not had a big name stock split in a long time. While most readers know my strategy is selling options, at this time, with 2 huge stocks splitting, buying long term options is my #1 strategy for the next week or two.
I was a trader back when stock splits were very popular in the 90’s. They were so popular there were many stock split courses and seminars. I took 1 or 2. I still have my note book! So far, it looks like Apple and Tesla are following the same path as past splits. I have many positions in both stocks in the form of buying long term options. Take a look at my “Active Trades/Current Positions” page under LEAPS. If these stocks move the way I think they will, and in line with my historical data of stock splits. I will be doing very well. If you have been reading my post you see I already locked in a lot of money.
Being a Technical Analysis trader I rely on historical data, and looking for stock behavior to repeat it’s self. Let’s hope Apple and Tesla does that.
This morning I bought more positions with both these stocks. I bought 2 more long term options with Apple and 1 more with Tesla. The orders are below.
Buy to Open 2 AAPL 1/15/21 $480.00 C @ $44.50 (Delta .55)
Buy to Open 1 TSLA 1/15/21 $2050.00 C @ $495.00 (Delta .60)
Today the stock are having another crazy day!
I love Nvidia but I feel the stock is getting a little too high. However, I do feel it can go a little higher because of the great earnings. Yesterday I bought 2 long term options on this hot stock. Today, as i write, the stock is up $12.60.
Successful trading,
Steve
The Options Coach