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AAPL at 147.41
I’m looking for AAPL to move towards 155 over the next 6 weeks. I’m going to pick up 150/160 call debit spread in OCT expiry and sell a 160/165 call credit spread to partially finance the call debit spread.
This is a bullish strategy with limited risk of $228.00 and limited potential reward of $772.00.
This strategy will profit if the stock closes above $152.28 by Oct 15, 2021.
There is a 34.30% probability this will happen.
Chart:
Order Ticket:
AAPL at 152.01
I’m going to make an adjustment, looking to remove as much risk out of the trade as possible.
I’m rolling original long 150 call up 5 points to 155 strike for a NET credit. The credit I will collect will cover the original debit for this trade, making this trade a RISK FREE call butterfly
Adjustment Video:
Risk Profile:
Order Ticket:
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