Trade Adjustment : AAPL

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: $113.85;

Current Position:[private_monthly]
Long 1 AAPL Jan17 125 call
Short 1 AAPL DecWk5 125 call
for an effective cost of $14.90 per contract[/private_monthly]

Adjustment: Taking the trade off ahead of next week's Fed announcement. Will put the trade back on with AAPL trading back over its 51 day average.

Trade Adjustment Details:[private_monthly]
STC 1 AAPL Jan17 125 call
BTC -1 AAPL DecWk5 125 call
for a min net credit of $8.80 per contract (day order, limit order). The mid is currently at $8.90.
[/private_monthly]

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