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Generex Biotechnology Corp GNBT
(Total Views: 269)
Posted On: 08/21/2020 7:13:10 PM
Post# of 36568
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Posted By: tc2000chartreader
OT...aapl was VERY GOOD to me today! Please trade to help offset large positions we are waiting to move. I sold my 8/28 aapl $460 calls and 8/28 aapl $500 calls for triple my money. Bought 9/4 aapl $530 calls (substantial number) and those are up 32.5% already today! The reason I sold the 8/28 and went out to 9/4 is because of the split. The record date of aapl 4 for 1 stock split is 8/24 (Monday). The stock will trade split adjusted on Monday 8/31. So, like the dividend we received here with GNBT, a stock split carries the due bill process between the record and pay date. I don’t think most aapl buyers know that and some will sell on Monday thinking they will get 3 free shares on 8/31, but they won’t. So my 8/28 options would not be able to participate in the split, so I rolled them forward another week. That means on Monday 8/31, I will have 4 times the number of contracts at 25% the price and 25% the strike price. So I believe people will see aapl at $125 (if aapl is $500 on 8/28) and will dive in and drive it to at least $150’or more. So my $530 calls will go to $132.50 at the split on 8/31. Right now they are worth $7.80, so they would go to $1.95 post split. If aapl goes to $150, those options should be $150-132.5, so $17.50 from my current equivalent of $1.95. Hope I’m right.













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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.



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