Stock / Symbol: Apple Inc / AAPL
Option Strategy: [private_monthly]diagonal call spread[/private_monthly]
Trade entry date / price: Jan 23 / $555
Price at trade post: $558
Current Position: [private_monthly]
Long 2 AAPL 10(Mini) Jan15 525 calls
Short -1 AAPL 10(Mini) MarWk1 530 call
at a net cost of $46 per mini contract
[/private_monthly]
Adjustment: Rolling the short call to a March expiration, lower strike call. We've captured premium on 3 separate call sales so far on this trade. Looking to exit the trade on March 21 with AAPL trading at or over $525.
Trade Adjustment Details:[private_monthly]
BTC -1 AAPL 10(Mini) MarWk1 530 call
STO -1 AAPL 10(Mini) Mar 525 call
for a min net credit of $7.50 per contract (day order, limit order). The mid is currently at 8.09. You should be able to get filled within .10 of the mid.
[/private_monthly]
Max Risk: $750 (reduced from $980)
Max Reward: unlimited over $580 by Mar 21
Profit Range: $580+ by Mar 21
Suggested Downside stop: @ $515
Suggested Upside stop: NA
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