Two HUGE Wins (700%, 41%) While We Juggle APPLES (AAPL, SWK, NWL)

Two big closures to tend before we open anew on the day.

And it goes like this—

Our NWL trade, whose details can be unearthed HERE, has us holding a March 17^th 14 synthetic long and a debit of five cents.

And…?

With NWL now trading at $15.41, we’ve got a very nice profit on the table.

Sell the long 14 CALL for $1.80 and buy back the short 14 PUT for $0.55.

That gives you $1.20 NET on ZILCH originally expended.

Adjusted for minimal commissions provides for a 700% profit.

Next up on the rodeo is our October 27^th SWK initiative, from a communiqué called Re-Tooling For a Bullish Blowout.

The trade had you buy the SWK January 20^th 60/90 CALL spread for a debit of $19.30.

And today…?

With just days left until this one expires, we’ve achieved almost all our objectives.

Sell the long 60 CALL for $28.30 and buy back the short 90 CALL for $0.95.

That puts a very weighty $8.05 NET in your purse.

(Can you feel the heft?)

Percentage-wise, it comes in at 41%… but did we mention the very bulk of the winning…?

OCH! Gross!

And why Ezra Pound?!

Today’s trade uses AAPL as underlying, because we expect a steep move from that stock in the near future.

And again, we tip the hat to José Netherlandicus for the suggestion of a few weeks back.

Here’s the skinny—

• AAPL has a P/E of 22.08 (and contracting).
• Her Dividend Yield is 0.68%.
• Her Price to Book is a turtle-neck black 42.65 (!), a number that defies all formal logic. And…
• Debt/Equity is far too high at 2.37.
• Tim Cook, the company’s lead is taking half his annual pay for the coming year, in light of what’s expected.

The company’s latest phone, the 14, has a host of problems, and that contributed in large part to AAPL losing close to a trillion dollars in market cap this year.

Add supply chain issues and a massive relocation program to Vietnam and it’s no wonder AAPL stock has slid.

Here’s the chart—

The G-d of Israel is the only arbiter of our destiny.  And all is for the best in the best of all possible worlds.

With apologies to the evil Voltaire, imach shemo v’zichro.

With kind regards,

Hugh L. O’Haynew

Follow @HughLOHaynew