Stock / Symbol: Apple Inc / AAPL
Option Strategy: [private_monthly]diagonal call spread[/private_monthly]
Trade entry date / price: Jan 23 / $555
Price at trade post: $502
Current Position: [private_monthly]
BTO 1 AAPL 10(Mini) Jan15 525 call
STO -1 AAPL 10(Mini) JanWk5 575 call
at a net debit of $63.48 per contract
Adjustment: I'm going to double down on our long calls + sell one short Feb expiration call for every long call I add. We're going to allow this week's short call to expire worthless. If you're not currently in this position, this is a good entry point / configuration. If you're new to the trade, set an upside stop at $540.
Trade Adjustment Details:[private_monthly]
BTO 1 AAPL 10(Mini) Jan15 525 call
STO -1 AAPL 10(Mini) Feb14 530 call
for a max net debit of $34.25 per contract (day order, limit order). The mid is currently at 34.02.
[/private_monthly]
Max Risk: $980 increased from $636)
Max Reward: unlimited over $570 by Feb 21
Profit Range: $570+ by Feb 21
Suggested Downside stop: @ $470
Suggested Upside stop: @ $540 (only if new to the trade)
[/private_monthly]
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