In this week's episode, sprocket888 has a loser on his hands. In early April, sprocket took on a position to start building up equity in $AAPL. The thinking at the time was the tech blue chips had started to bottom, and it was time to consider adding some of this into the portfolio. To build this position, sprocket likes to begin by selling Puts and looking for assignments. When the assignment does not come early and the position is not green, sprocket looks to roll the position out for more credit. While in this episode, $AAPL has not done much else but bleed red and rot. This episode takes on the thinking of sprocket and looks at his next moves.
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