Looked scary and covered for 80c for 20% profit
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Apple Inc. (AAPL) Credit vertical:
Sell 1X $555 Nov put
Buy 1X $550 Nov put
(Got $1)
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| AAPL daily chart |
Looking for a test of 200-day moving average in Apple. Went too far in the strikes to give myself enough room to exit if it goes against. In a perfect case, I would like to convert this into an iron condor if we hit $600 in the next few days.
*Please do your own research before buying any stock listed here. Disclaimer.
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