Stock / Symbol: Apple / AAPL
Strategy: Bull Put Spread
Trade entry date / price: 29 Mar 2021 / $121.28
Price at this post: $127.70
Update: My exit order, for a net debit of $0.25 per contract, was filled today at 11:15am PST. This locks in a 13% gain in just over a week.
Trade Exit Order:
BTC 1 AAPL 21May21 110 put
STC 1 AAPL 21May21 105 put
For a max net debit of $0.25 per contract (GTC order, limit order). The mid is currently at a debit of $0.23. I was filled at a debit of $0.25.
Analysis:
Max Risk: $420
Max Reward: $80 or 19% with AAPL at/over $110 on May 21st
Profit Range: AAPL at/over $109.20 at market close on May 21st
Commission (round trip): $2.60
Downside Stop at: $110
Realized Profit / Loss: $56 or 13.3% (pre commission)
