Stock / Symbol: Apple Inc / AAPL
Option Strategy: [private_monthly]calendar call spread[/private_monthly]
Trade entry date / price: 27 Apr / $131.55
Price at this adjustment: $107
Adjustment: With AAPL's dramatic drop then rebound to positive territory today, and with AAPL down 18% from our original entry point, I'm going to put this trade back on.
Trade Adjustment Details:[private_monthly]
BTO 1 AAPL Jan17 125 call
STO -1 AAPL Sep 125 call
for a max net debit of $10.75 per contract (GTC order, limit order). The mid is currently 10.35, I was filled today at $10.50
[/private_monthly]
Max Risk: $1700
Max Reward: $170 or 10% by Sep 18th
Profit Range:$121 to $129 by Sep 18th
Suggested Upside stop: @ $128.50
Suggested Downside stop: NA
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