Trade Exit – AAPL Calendar Call Spread

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Stock / Symbol: Apple / AAPL
Strategy: Calendar Call Spread
Trade entry date / price: 21 Sep 2020 / $104.50
Price at this post: $111.60

Reasoning: With AAPL trading right near 110 already, we're going to close this one out now for a nice, quick score. The current Greeks on this AAPL are: 25.4 Delta, 13.3 Theta and 16.9 Vega.

Trade Exit Details:

STC 1 AAPL 15Jan21 110 call
BTC 1 AAPL 02Oct20 110 call

For a min net credit of $7.30 per contract (GTC order, limit order). The mid is currently at a credit of $7.22. I have not yet been filled.

Analysis:

Actual Risk $630
Max Reward: $475 or 70% with AAPL at $110 by Oct 2nd
Profit Range: AAPL between $99.45 and $123.80 by Oct 2nd
Estimated Commission (round trip): $2.60
Suggested Downside Stop at: $89.14
Anticipated Profit / Loss upon fill: $100 or 15.9% (pre-commission)

Positive Theta

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