New AAPL Weekly Options Trade, Jan18 Bear Call Spread
By: Matthew Whiz Buckley
In today’s Market Situation Report, Matthew “Whiz” Buckley, Chief Investment Officer and Primary and Weekly Options Model Portfolio Manager of Top Gun Options, reviews the futures and Alcoa earnings as Q4 earnings unofficially kicked off yesterday after the close. He also puts out a new weekly options trade that he’s adding to his model portfolio this morning.
The trade is a high probability bear call spread on Apple (AAPL) that takes advantage of increasing implied volatility as AAPL heads into earnings on January 23rd. The trade expires in 8 trading days and could gain nearly $2,000.
Here is a recent trade from our Weekly Options services:
New weekly bear call spread AAPL, moving sideways into earnings and taking advantage of increasing implied volatility.
Sell 15 Jan18 540 calls
Buy 15 Jan18 545 calls as a hedge
Shooting for net credit 1.17 at the open.
If you are interested in our Weekly Options services, you can find out more information at http://topgunoptions.com/weekly-options
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