SPY thesis unchanged from last week
AAPL looking for a minimum 50% gain
Portfolio
September Monthly 130 Puts @ 0.68 (Average cost)
SPXU @ 41.75
August 25 Weekly AAPL 655 Puts @5.0
Limit Order
- Unfortunately, the last half of SPXU limit order @ 40.05 did not trigger. SPXU went as low as 40.12. Unbelievable
Allocation Strategy Clarification
- Often times, my asset allocation model is 50% stock, and 30% options (weekly options + monthly options), and 20% cash. I like this for its flexibility and risk vs reward. Of course, there will always be exceptions, and I would trade a larger percentage in options if the criteria for a very high probability trade is met.
Example
SPXU 50%
AAPL Weeklies 20%
SPY Monthlies 10%
Cash 20%
-Red Apple
