Sell Alert: Take Profits On Apple Put Spread

We are halfway into our max holding period through July expiration and already have an excellent return on our AAPL puts. Our max value of $10 per contract would be achieved by holding another month and expecting AAPL to close below $135. We think there are better risk/return trades than holding onto this one. Let’s take gains on this position now.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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