Stock / Symbol: Apple Inc / AAPL;
Option Strategy: [private_monthly]calendar call spread[/private_monthly];
Trade entry date / price: 27 Apr / $131.55;
Price at this adjustment: $113.91;
Current Position:[private_monthly]
Long 1 AAPL Jan17 125 call
for an effective cost of $16.10 per contract[/private_monthly]
Adjustment: The October call we sold expired worthless last week, enabling us to retain the full $1.00 premium collected. With AAPL trading up today, we're selling a November call against the position. After this adjustment, the Greeks will be: 30.5 Delta, 1.3 Theta, and 42.6 Vega
Trade Adjustment Details:[private_monthly]
STO -1 AAPL Nov 125 call
for a min net credit of $0.50 per contract (GTC order, limit order). The mid is currently at $0.48. I was filled at $.50.
[/private_monthly]
Max Risk: $1560
Max Reward: ($130) or -8.3% (at current volatility) by Nov 20th
Profit Range: NA
Suggested Upside stop: @ $126.50
Suggested Downside stop: NA
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