Trading Activity On 19 Nov 21: Sold Off Alphabet & Apple LEAPS, Bought New LEAPS in Microsoft, Apple & FB

With Apple and Alphabet (Google) shares trading near their all-time high prices, I took the opportunity to take profits on the LEAPS contracts that have the shortest expiration date, at June 2022. I bought these 2 LEAPS contracts 3 months ago in Aug 2022 and the expiration dates of June 2022, which is 7 months away, were too short for my comfort now.

The details are as follow for reference:

Type of Option: LEAPS CALL
Stock: Apple
Strike Price: $150
Expiration: 17 June 2022
Bought on: 19 Aug 2021
Share price was: $146.50
Delta: 0.517
Premium paid: $1421
Sold for: $1852
Profit: $431 (30.33%)

Type of Option: LEAPS CALL
Stock: Alphabet Inc Class C
Strike Price: $3500
Expiration: 17 June 2022
Bought on: 24 Aug 2021
Share price was: $2848
Delta: 0.196
Premium paid: $6450
Sold for: $9300
Profit: $2850 (44.19%)

With the profits and capital available, I bought the following longer-term LEAPS CALL contracts:

2 x Microsoft LEAPS, Expiration date: 19 Jan 2024, Strike Price: $500, Premium: $13.40
4 x Apple LEAPS, Expiration date: 19 Jan 2024, Strike Price: $260, Premium: $6.30
1 x Facebook LEAPS, Expiration date: 19 Jan 2024, Strike Price: $650, Premium: $16.80

These 3 companies are my strong conviction stocks and they are also in the Top 6 most valuable companies in the whole world. So, with more than 2 years to go before the LEAPS contract expires, I am very sure the share price will eventually exceed the share price that I bought at, thus allowing me to profit from the magnified gain of the premium. Thank you for reading and have a lovely weekend with your loved ones.

Related Articles:
How Does LEAPS Works And How I Use LEAPS To Maximise Gains?
Why I Buy LEAPS With A Low Delta?
[Proof Of Concept] Why LEAPS Options With Low Delta Works
How I Use LEAPS To 10X My Returns