This post is restricted to paying members. To follow are specific new trade details:
Stock / Symbol: Apple / AAPL
Strategy: Calendar Put Spread
Trade entry date / price: 16 Aug 2021 / $148.95
Price at this post: $144.96
Update / Reasoning: With AAPL trading under $145 pre market, my downside target of $145 has been met. I'm closing the entire position out here for a modest return.
Trade Exit Details:
First:
STC 1 AAPL 27Aug21 155 call
At the market. The mid is currently at $0.29. I was filled at 0.30
Then:
STC 1 AAPL 21Jan22 145 put
BTC 1 AAPL 27Aug21 145 put
For a min net credit of $7.75 per contract (GTC order, limit order). The mid is currently at a credit of $7.90. I was just filled at $7.85
Analysis:
Max Risk: $790 / My Actual Risk: $772
Max Reward: $150 or 19% with AAPL at $145 (or) unlimited with AAPL over $158.25 by Aug 27th
Profit Range: AAPL trading between $142 to $148.50 and over $158.25 Aug 27th
Estimated Commission (round trip): $3.90
Downside stop @ $142.50
Realized Profit / Loss upon fill: $43 or 5.5% (pre commission)
