2024-07-17 11:24:57 ET
Summary
- My mid-May timing of a bearish play on Apple Inc. shares was struck at the worst time. Nonetheless, Delta helped me avoid large losses.
- Apple shares have risen on both AI partnership hopes of driving a renewal cycle, and increasing Fed rate cut expectations.
- The terms of Apple's agreement with Open AI are an eye-opener. I'm willing to recharge my Put Option wager on AAPL shares at a higher Delta at this point.
For those less familiar with options, you may not realize the inherent beauty of Delta. It's almost like an animal that can camouflage itself as danger introduces itself (if you're Long Delta, that is, not Short). Seeking Alpha has an entire educational article on Delta, which you can read here ....
Read the full article on Seeking Alpha
For further details see:
Apple: Recharging My Heavily Underwater Put Trade, New Reasons To Be Bearish