Sneaky Falcon Enterprises, LLC has purchased 1 Call Option on Apple (Ticker NASDAQ:AAPL).
The call was purchased for $4.35 per share at a strike price of $170, and with an expiration date of 4/20/2018. Barrett recently presented to the group on some potential options strategies, and we have decided to get our feet wet with Apple.
We have tossed around the idea of trading some options for a while now, but finally moved forward.
The thesis here with Apple is simple; big tech stocks are all being weighed down by Facebook’s shenanigans, in addition to bearish forces from the Fed and Trump’s tariffs.
We feel this is temporary downward pressure on Apple. It is one of the largest companies in the world, and is strongly positioned to return from this drop ultimately unscathed. Our option purchase will capitalize on buying the dip. Not a huge windfall, but hopefully a short-term win.
Want to see our other investments? Visit our portfolio page!