Stock / Symbol: Apple Inc / AAPL
Option Strategy: [private_monthly]bull put spread[/private_monthly]
Price at trade entry: $543
Price at this post: $515
Reasoning: Stop level hit, closing current position to prevent further loss. [private_monthly]Then, entering in GTC order to enter a 440/430 bull put spread.[/private_monthly]
Trade Details:[private_monthly]
BTC -2 AAPL Jan13 460 puts
STC 2 AAPL Jan13 450 puts
for a max net debit of $1.90 per contract (day order, limit order). Current mid is at 1.70, so try for the mid +.05.
Then,
STO -2 AAPL Jan13 440 puts
BTO 2 AAPL Jan13 430 puts
for a min net credit of $0.99 per contract (GTC, limit order)
[/private_monthly]
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