I opened $APP 20250411 200.0 PUT$ ,APP: collect 4.25% premium on this cash secured put with strike at $200. Contract expires in 5 weeks on 11th April. APP had fallen sharply alongside a bearish market sentiments and also accusations of illegal Ads manipulation and inflated data. $200 strike is at strong support just below 200 days MA so a technical rebound is possible.
I opened $APP 20250321 360.0 CALL$ ,Sold first Cover call option on this underlying of AAP after taking early assignment yesterday. High IV on this counter manage to collect decent premium even though the strike is quite far out. Now, just have to sit out till market recovers. $APP 20250321 360.0 CALL$
I closed $APP 20250314 370.0 PUT$ ,This Cash Secured Put went deep in the money when the market started the downturn. Had already rolled it out and down once, but when it's too deep in the money it's difficult to roll as the volume with this ticker is also quit thin. Have been trying to roll this with no avail since last week before it's expiration date this coming Friday. However the early assignment beat me to it. Taken assignments of it.. now, will start to sell covered call option to take in some profits while waiting for this counter to recover. Good thing is AAPL has got a high IV so even though the strike is far out, still collect a decent amount of premium. $