Trade Update : AAPL

Stock / Symbol: Apple Inc / AAPL

Option Strategy: Iron Condor;
Trade entry date / price: 4 Feb / $95.76
Price at this post: $96.32

Position:
short -1 AAPL Feb16 102 call
long 1 AAPL Feb16 104 call
short -1 AAPL Feb16 90 put
long 1 AAPL Feb16 88 put

Reasoning: With AAPL trading smack in the middle of our iron condor’s short strikes, we’re able to let this position expire worthless today and realize the trade’s full profit potential.

Max Risk: $172
Max Reward: $28 or 16% between 90 – 102 by Feb 19th
Profit Range: $89.75 to $102.25 by Feb 19th
Suggested Downside stop: 90
Suggested Upside stop: 102
Realized Profit / Loss: $28 or 16% (pre-commission)

Non-members, click here for access

Speak Your Mind

*