Stock / Symbol: Apple Inc / AAPL
Option Strategy: [private_monthly]diagonal call spread + calendar put spread[/private_monthly]
Trade entry date / price: 27 Apr / $131.55
Price at this adjustment: $132.46
Adjustment: Putting a diagonal call spread back on AAPL. However, I'm still concerned about AAPL pulling back, so I'm also adding in another calendar put spread. With this configuration, the greeks will be: 8.6 Delta; 2.9 Theta; and 58.2 Vega.
Trade Adjustment Details:[private_monthly]
BTO 1 AAPL Jan17 130 call
STO -1 AAPL Jun 134 call
for a max net debit of $17.30 per contract (day order, limit order). The mid is currently at $17.13
then,
BTO 1 AAPL Jul 120 put
STO 1 AAPL Jun 120 put
for a max net debit of $0.55 per contract (day order, limit order). The mid is currently at $0.49
[/private_monthly]
Max Risk: $1785
Max Reward: $200 or 11.2% by Jun 19th
Profit Range:$130 to $138.50 by Jun 19th
Suggested Upside stop: @ $137.25
Suggested Downside stop: @ $125.00
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