Saturday, September 10, 2016

AAPL-2 Hedged Trade #7

Sep 9

The market is on the move - Dow dropped 400pts and sellers are overwhelming less strong (shorter time frame) demand zones.

The trend is moving downward until significant demand zones are found.

AAPL is no exception.  I will make another stock purchase and option adjustment today.

Stock closed at 103.15

Trade

+7c Oct 7 106 Call @ 1.369
-7c Oct 7 104 Call @ 2.199
Net credit: 0.83/c

+5 shrs AAPL @ 103.61

Net credit: $581
Total commissions: $11.99

Break even 101.75, position net debit is down to $72,243 and with 710 shares, current P/L is -$441. Here is the option modelling position with statistics.




No comments :