Stock / Symbol: Apple / AAPL
Price at trade post: $423.22
Option Strategy: [private_monthly]iron condor[/private_monthly]
Reasoning: With earnings due out this evening, we're putting on [private_monthly]an iron condor trade that bets AAPL will finish either up or down 16 points from it's current level by this Friday; a move of 3.8%. If the stock does not move much, we'll close the trade tomorrow at a loss to avoid a larger loss on Friday.[/private_monthly]
Trade Details:
[private_monthly]
BTO 1 AAPL JanWk4 435 call
STO -1 AAPL JanWk4 440 call
STO -1 AAPL JanWk4 410 put
BTO 1 AAPL JanWk4 415 put
for a net debit of $3.60 per contract (day order, limit order)
Requirements:
Cost/Proceeds $360.00
Option Requirement $0.00
Total Requirements $360.00
Estimated Commission $12.95
Max Risk: $360
Max Reward: $140 or 38%
Profit Range: $0 - $411.50 & $439.25 + by Jan 27
Max Profit at: $0 - $410 & $440 + - 639 by Jan 27
[/private_monthly]
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