Stock / Symbol: Apple Inc / AAPL
Option Strategy: [private_monthly]iron condor[/private_monthly]
Price at trade post: $95.76
Reasoning: With the earnings announcement and ex dividend date out of they way, I'm expecting some stability in AAPL for a while. The Greeks for this [private_monthly]iron condor [/private_monthly]on AAPL are: 0.2 delta, 2.0 theta, and -2.8 vega. The probability of success on this trade is 85%
Trade Details:[private_monthly]
STO -1 AAPL Feb16 102 call
BTO 1 AAPL Feb16 104 call
STO -1 AAPL Feb16 90 put
BTO 1 AAPL Feb16 88 put
for a min net credit of $0.28 per contract (day order, limit order). The mid is currently at $0.30.
Requirements:
Cost/Proceeds ($28)
Total Requirements $172
Estimated Commission $6
[/private_monthly]
Max Risk: $172
Max Reward: $28 or 16% [private_monthly]between 90 - 102[/private_monthly] by Feb 19th
Profit Range: [/private_monthly]$89.75 to $102.25 by Feb 19th[/private_monthly]
Suggested Downside stop: 90
Suggested Upside stop: 102
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