Stock / Symbol: Apple Inc / AAPL
Option Strategy: [private_monthly]diagonal call spread + calendar put spread[/private_monthly]
Trade entry date / price: 27 Apr / $131.55
Price at this adjustment: $128.74
Adjustment: Rolling up the short call on AAPL to a 135 expiring in July. With AAPL over $120 by next Friday's expiration, going to allow the short put to expire worthless but will keep the long put in place. With this adjustment, the greeks will be: 22.3 Delta; -0.4 Theta; and 59.9 Vega.
Trade Adjustment Details:[private_monthly]
BTC -1 AAPL Jun 134 call
STO -1 AAPL Jul 135 call
for a min net credit of $0.80 per contract (day order, limit order). The mid is currently at $0.85
[/private_monthly]
Max Risk: $1700
Max Reward: $220 or 12.9% by Jul 17th
Profit Range:$133.5 to $137.20 by Jun 19th
Suggested Upside stop: @ $136
Suggested Downside stop: @ $123.00
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