The Importance of Trading Options Largely

Matt Stone wants to know, are you guys fans of collars? Well, spoiler alert. They're forming like them. I'm specifically looking at zero cost collars on Apple in the first two months. We looked at a straight front month at the money put right around that 172 and a half strike. It's going to cost you $3.50. If you go $10 out of the money, so the 162 half strike that put cost you a buck one month out. That actually isn't terrible for Apple, but it's still a lot.