Apple Inc (AAPL)

[VERYLONGSTOPPEDDRINKINGTHEKOOLAID]

That makes it doubly hard to make a significant profit, as first it has to go from 520 to 530, then it has to stay over 530 at expiry time to get the full benefit. Depending on your expiry month, that could mean a long wait...

And, what happens if while waiting the stock takes a sudden drop? Like you are waiting for April expiry and then the stock takes a nose dive over 100+ and takes a couple weeks to recover?

I would rather play the calls and puts and take my profits within days or sooner, profits that are 100-200-300% gains or more, taking them out as soon as possible to avoid time decay and volatility, and then re-buy more calls with my initial investment and as I gain more profits on the call trades, I continue to add protective puts.

Everyone to his own tase and comfort level. If I realize over a 1000% gain, I can buy quite a few more times,as the stock goes higher and higher without tapping into my original outlay.