Profit Take 🍏 + Option Strategies

Just looking at my $Apple(AAPL.US)$ Trades recently, As I was optimistic: Sold a Put to pocket the premium in June 21 (That was the plan) Unexpectedly it got assigned shortly and I was forced to buy 100 apple shares at the strike price of $200. Earned a little around $60+ for that assignment if I’ve sold the shares immediately. (Pocket premium $3,020 plus stock price difference at assigment=Profit)

I could have 1. Chosen to profit take immediately or 2. Take another strategy which I did. (What did I do exactly?)

2. Did a covered Call by selling a Call option while holding the shares for another week. Selected a strike price of 177.50 while Apple was around 170. Would either pocket the premium of $89 when the option lapsed. or sell the stocks and take profit of another $750. (Earning another $750 + $89 by holding the stock for another week. Was ok for me at that point in time.) Of cos another story when the week happened

3. If I had done nothing and just held on to the stock and sold at the peak my profit would double instead. However thats a lot of what ifs when hindsight is 20/20.

I hope my trading examples will give those of you casual investors like me some in-sights to the different strategies and what those decisions may turn out.

Note: Option Tradings are not for the masses as the losses can be greater, especially if you get margin called. Always plan for the worst outcome if you do dive in.

Comment below if you have questions on the examples shown.

Other tools I use at times: They attempt to give you some reference or 🔮.

Snapshot View: Pros Useful to Gauge Historical position and guide entrance and exit levels. Lower range to Buy, Higher to Sell. Cons, As data is historical you may exit/enter early and miss Higher profits.