Stock / Symbol: Apple / AAPL
Option Strategy: [private_monthly]iron condor[/private_monthly]
trade entry date: May 2
Price at trade entry: $584.60
Price at this post: $568.82
Reasoning: With the trade up nearly 25%, we're going to see if we can close it here. If you're willing to risk a dramatic move on the stock next Monday, you should be able to close to trade for a higher profit early next week. [/private_monthly]
Closing Trade Details:
[private_monthly]
BTC -2 May12 615 calls
STC 2 May12 620 calls
STC 2 May12 535 puts
BTC -2 May12 540 puts
for a max net debit of $0.30 per contract (current bid $0.24 / ask $0.37) (GTC, limit order).
Max Risk: $752
Max Reward: $248 or 32% by May 18
Profit Range: between $540 and $615 by May 18
Suggested Downside Stop @ $540
Suggested Upside Stop @ $615
Realized Profit / Loss upon fill: $188 or 25% (pre-commission)
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