Option Investor

Option Writer Portfolio - November

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AAPL Trade Conclusion

Apple went up which was the opposite way of the EPS trade's bias. I could have neutralized the trade a little more but I am pleased with the results. As the screenshot below shows, 10 contracts made about $1,300 net of commissions. The Implied Volatility of the November options dropped to 69.25% from yesterday's close at 85.5%. The IV has increased a bit to 71.5% since I started to writeTherefore, my assumption that the IV would decrease 15% was correct.

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