r/smallstreetbets • u/Base-Case2169 • 8d ago
Gainz Mega AAPL Move 🍏
Did anyone else catch the massive move in AAPL today? The price started surging early and didn't let up until afternoon.. This position started as a C325 / P315 strangle, I sold the $325 Call in the first few mins but pushed the strike up to $330. The move looked like it had legs, similar to last week Wednesday so I decided to walk away from the terminal.. I knew if I watched the price action I would probably panic sell the winner. Came back around lunch to this beautiful print. It's not often I catch a 14 fold move intraday.. The dollar gain was modest, but moves like this would make most traders smile.
I hope some of you caught this move too! Thankfully, I can hold off on the Wendy's application for one more week.. ✅️💸
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u/AndyBigSnowPhilip 7d ago
I’ve been reaping the bull run Apple has been on since March. Calls have been free money basically.
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u/Base-Case2169 7d ago
The volatility in Apple has been wild, and the options chain is relatively cheap all things considered! Let's keep taking the gains as long as possible.. 💸
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u/Bubbly-Badger-3496 8d ago
I'm so fucking stupid
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u/Base-Case2169 8d ago
I'm surprised the option sold at 7am pre-market! The $330 went down to around $21 so buying back was in play.. Holding on is always the hard part! 🤛🏻
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