Monday, February 8, 2016
February 8, 2016 (see update on February 9, 2016 below)
During trading today, I like an Apple, symbol AAPL, call. See the table below.
Apple has a strong balance sheet and a 2.2% yield on my most current basis. To be included in my 2016 portfolio, the yield has to be 2.75% so you will not see AAPL show up in that portfolio.
Yet, the trade today was fascinating. I put in a limit price of $93.75 when it was trading around $94.10 and when I returned from my meeting, the trade executed at $93.75 (2 PM Eastern time.) AAPL closed at $95.01. I don't really care about immediate gains. They are like sugar highs. I do care about income potential which is why I like the dividend and call opportunity of Apple.
Tomorrow I will monitor the market for as good as or better than the call available on 2/8.
Long AAPL with calls
February 9, 2016 Update
Executed the May 20, 2016 $105 call at $2.30 per contract.