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: $118.36;
Current Position:[private_monthly]
Long 1 AAPL Jan17 125 call
for an effective cost of $15.35 per contract[/private_monthly]
Adjustment: Selling another call against the position after the last call we sold expired worthless this past Friday. After this adjustment, the Greeks will be: 31.0 Delta, 1.3 Theta, and 41.9 Vega
Trade Adjustment Details:[private_monthly]
STO -1 AAPL DecWk5 125 call
for a min net credit of $0.40 per contract (day order, limit order). The mid is currently at $0.46. I was filled at $.45.
[/private_monthly]
Max Risk: $1490
Max Reward: ($157) or -11.0% (at current volatility) by Dec 31st
Profit Range: NA
Suggested Upside stop: @ $126
Suggested Downside stop: NA
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