This post is restricted to paying members. To follow are specific active trade details:
Stock / Symbol: Apple / AAPL
Strategy: Bear Call Spread
Trade entry date / price: 05 Apr 2023 / $163.35
Price at this post: $167.08
Update / Reasoning: I had set a 3 week goal / time stop for this trade. Additionally, AAPL is set to report earnings next Friday and I want to be out of the trade before then. So, I'm adjusting my exit order for an immediate fill, which should result in a small profit on the trade. The current net position Greeks are: -9.2 Delta, -0.6 Gamma, 1.5 Theta, and -5.6 Vega.
Adjusted Exit Order:
BTC 1 AAPL 16Jun23 180 call
STC 1 AAPL 16Jun23 185 call
For a max net debit of $0.85 per contract (GTC order, limit order). The mid is currently at a debit of $0.84 and I was just filled at $0.84
Analysis:
My Max Risk: $410
My Max Reward: $90 or 22% with AAPL under $180 by Jun 16th
Profit Range: AAPL under $180.75 by Jun 16th
Estimated Commission (round trip): $2.60
Upside Stop: $173
Realized Profit / Loss: $6 or 1.5% (pre commission)
