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: $118.75;
Current Position:[private_monthly]
Long 1 AAPL Jan17 125 call
Short 1 AAPL Nov15 125 call
for an effective cost of $15.60 per contract[/private_monthly]
Adjustment: Taking advantage of today's up day on AAPL and rolling our short call (now only worth 1 penny) to a December week 1 call. After this adjustment, the Greeks will be: 36.0 Delta, 1.5 Theta, and 45.6 Vega
Trade Adjustment Details:[private_monthly]
BTC -1 AAPL Nov 125 call
STO -1 AAPL DecWk1 125 call
for a min net credit of $0.25 per contract (GTC order, limit order). The mid is currently at $0.26. I was filled at $.25.
[/private_monthly]
Max Risk: $1535
Max Reward: ($55) or -4.0% (at current volatility) by Dec 4th
Profit Range: NA
Suggested Upside stop: @ $126.50
Suggested Downside stop: NA
Non-members, click here for access
