Stock / Symbol: Apple / AAPL
Strategy: Double Calendar
Trade entry date / price: 30 Nov 2020 / $118.88
Price at this post: $121
Reasoning: With AAPL already trading near to our upside stop, just going to exit the trade here and take a small loss.
Trade Exit Order:
STC 1 AAPL 18Dec20 120 call
BTC 1 AAPL 4Dec20 120 call
STC 1 AAPL 18Dec20 116 put
BTC 1 AAPL 4Dec20 116 put
For a min net credit of $3.10 per contract (GTC order, limit order). The mid is currently at a credit of $3.25.
Analysis:
Max Risk: $320
Max Reward: $85 or 26% with AAPL trading at either $118 by Dec 4th
Profit Range: AAPL trading between $114.75 and $121.50 by Jan Dec 4th
Estimated Commission (round trip): $5.20
Upside stop @ $121.75
Downside stop @ $114.50
Anticipated Profit / Loss upon fill: ($10) or -3% (pre commission)
