APP: collect $1050 (3%) on this sold put with strike at $350.
Contract expires this Fri on 8th Aug.
Betting for earnings to be released on Wed 6th Aug so the premium is very high due its usual volatile stock movement.
Sold when APP was nearing $400 and early in the market but overall market later retraced so now is in paper loss.
APP closed Tuesday at $377.93 so still have some margin before hitting $350 strike but earnings events can go either way so the trade is a directional bet.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 10.50 1Lot(s) | -- Closed |
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