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: $118.70
Current Position:[private_monthly]
Long 1 AAPL Jan17 130 call
Short -1 AAPL Aug15 140 call
for an effective cost of $19.55 per contract (includes losses from initial position)
[/private_monthly]
Adjustment: Taking the trade off for now until AAPL is trading back over $124.
Trade Adjustment Details:[private_monthly]
STC 1 AAPL Jan17 130 call
BTC -1 AAPL Aug 140 call
for a min net credit of $10.75 per contract (GTC order, limit order).
[/private_monthly]
Max Risk: $1955
Max Reward: $170 or 8.6% by Aug 21st
Profit Range:$137 to $145 by Aug 21st
Suggested Upside stop: @ $142
Suggested Downside stop: @ $114
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