$158 profit in APPL
$158 profit in Apple
$158 profit in AAPL
In early December I sold a $125 put in AAPL for $174, closed it for $57 a week later and then double dipped by selling a $120 put for $86. This week this long-standing position finally came to a close just 1 week before expiry, locking in $41 on the double dip and $158 in total. That's 61% of max profit.
The 2nd AAPL trade didn't go smoothly at all. While the $120 put itself was never touched, the trade was never profitable enough to be closed early for 50% profit and I had to let the trade run much longer than usual before it made sense to close it. I could have just left it to expiry to see what happens, but given that AAPL has earnings coming up, I decided the better move for the portfolio would be to take it off, lock in the profits and get ready for the next opportunity. You can ready about the original AAPL trade as well as the decision behind the double dip at the link below.
This article is for educational purposes only. This is my own portfolio which is being managed according to my goals and risk tolerance. Your situation is likely different and you should do your own due diligence before investing in stocks or options.