Seeking Alpha
  • Ashraf Eassa
    I feel somewhat silly owning 10 shares of a stock, even if I paid $478/sh for each one. $AAPL
    2/8/13
    Reply (8)
    • Perkins Cove: Why?
      2/8/13
    • Ashraf Eassa: Because I like to have a minimum of 100 shares of any stock, heh. Psychological reasons + ability to sell covered calls.
      2/8/13
    • Bret Kenwell: you could buy deep ITM $AAPL calls to solve this
      2/8/13
    • Stephen J Melnykevich: Bret do you have a reference to an article or resource to learn more about ITM? I have 43 shares but am interested in options.
      2/8/13
    • Sal Marvasti: I guess that would be a big position for your porfolio. I never put more than $5000 in Apple at >$400. Simply I don't like it enough.
      2/8/13
    • Ashraf Eassa: Same. I will also manually stop out if things get too ugly. Don't want this trade to become an investment, after all.
      2/8/13
    • Ocean Man: It's called a Fig Leaf. You could buy a May $440 call for the same price as your 10 shares, gain the upside of 100 shares, and cover the
      2/9/13
    • Ocean Man: time value cost by selling a May $510 call. You'd get the gain between 475 and 510 = $35 x 100 shares. Risk is of course higher too.
      2/9/13
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