The original trade on 11/15: BOT +1 AAPL 100 APR 14 480 CALL @60.40 NASDAQ
If I were to sell it today: SELL -1 AAPL 100 APR 14 480 CALL @91.50 LMT
That's a profit of more than $3,000 and better than 50% in slightly over 2 weeks. Apple is now overbought according the Chaikin oscillator. Price could continue to move up, but at these levels, the probabilities favor a sideways move, pullback or some other price consolidation So today, I opted to leg iinto an OTM short call option. I sold the $575 December Week 2 call for $4.55. Expiration is in 9 days, and Apple wll have to move up another $10 before I risk getting exercised. My hope is that this option will expire worthless, and I'll write another OTM call option for December Week 3 and beyond.