Mindful Trader Commentary For July 28, 2021


Hi Guys,


I posted the wrong ticker for my AAPL options in my extra options account this morning.


It should be this: .AAPL Aug 6 Call Spread (Bought 143/Sold 150)


I bought the Aug 6 expiration. I had the wrong expiration listed initially. Thank you to those who pointed it out to me! If you bought the July 30 expiration already, that's totally ok in my book -- it's just that it would be a different price point what I paid (lower than what I paid). I would be using the same profit target whether I got the July 30 or Aug 6 expiration by the way.


Notice also that I show that I'm closing it by Aug 5, the day before expiration. That is not an error. That's on purpose. That's because there is an ex-dividend date on Aug 6 and I don't want to own the position through that date. So I'm closing it a day early if it hasn't hit its profit target by then.


I also bought HUM stock and AAPL stock this morning. Both had just reported earnings, and so both might be a wild ride today.


The Fed meeting notes are scheduled to be released today. I believe that's happening around 1pm EST. There might be some market movement when that happens.


If you have any questions or feedback, I'd love to hear from you.


Sign Up for Trade Alerts