Description:
Price is meeting that broken-down upward sloping trendline established through July and August, as well as the daily supply zone @ 150.
Looking for swift reaction to close this position early next week.
Put Debit Spread
Levels on Chart
Entry on close < 150
SL >150
TGT - 143
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
10/29 148P
SELL
10/29 143P
Earnings next week is a risk factor.
Long put is ATM for max success rate.
Short put is at the target price for max profit potential.
Price is meeting that broken-down upward sloping trendline established through July and August, as well as the daily supply zone @ 150.
Looking for swift reaction to close this position early next week.
Put Debit Spread
Levels on Chart
Entry on close < 150
SL >150
TGT - 143
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
10/29 148P
SELL
10/29 143P
Earnings next week is a risk factor.
Long put is ATM for max success rate.
Short put is at the target price for max profit potential.
Trade active:
These were filled @ 1.45.
Trade active:
Down 24% right now. That is a long wick over 150 here, meaning plenty of supply.
Waiting to see if the close will be over 150 to trigger the stop.
This might be a close one.
Waiting to see if the close will be over 150 to trigger the stop.
This might be a close one.
Trade active:
Good close below 150, in the red.
Comment:
If AAPL closes above 150, I will be reversing position.
Trade active:
Mark to Market is positive for the day, but I went ahead and closed out 2/3 of my position to manage risk going into earnings.
Trade closed: stop reached:
Went ahead and closed the portion out at a loss. I will be running 10/29 lotto OTM long calls with the remainder of the credit received for closing.
I will also be putting on Long Call Calendar Spreads for a normal position.
I will also be putting on Long Call Calendar Spreads for a normal position.