This option play netted me 570% which is my highest payout percentage wise.
To put in $33 and get out $188 isn’t bad if i’m able to do it consistently.
There is no lesson to learn here this post per se but if there was a lesson is “Stick to your plan”.
My plan was to see AAPL close the April 21st gap and that turned out to play well. I could have locked in 200% last Wednesday but I stuck to my target and ended up getting almost 3x as much as I would have in the past when I let emotions cut winners short.
230 AAPL May 2010 Put (click to enlarge)
Till next time.