Stock / Symbol: Apple / AAPL
Strategy: Bull Put Spread
Trade entry date / price: 05 Jan 2023 / $126.55
Price at this post: $132
Update: With my the position within my profit target at about 13%, I'm closing this trade here. I'm going to adjust the open exit order as follows below..
Adjusted Exit Order:
BTC 1 AAPL 17Mar23 120 put
STC 1 AAPL 17Mar23 115 put
For a max net debit of $1.00 per contract (GTC order, limit order). The mid is currently at a debit of $0.95 and I was just filled at $0.95.
Analysis:
My Max Risk: $357
My Max Reward: $143 or 40% with AAPL over $120 by Mar 17th
Profit Range: AAPL over $118.75 by Mar 17th
Commission (round trip): $2.60
Downside Stop: $118.50
Realized Profit / Loss: $48 or 13.4% (pre commission)
