KDK Options purchased an Apple December $130 call option. The price of the option was $0.95. The expectation is for the option to reach $5.00. The current price of the stock is about $121.00. Some of the reasons for the purchase are below.
- Stock is trending up
- Holiday season is upon us
- Market is in a bullish mood.
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risky about 6 weeks, calls have IV of ~25%, not enough swing. I think a more conservative option is to collect divi and sell 5-10% upside calls.
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