Going to take profits on this trade. It’s nearing 20% return on risk and current directional exposure is actually quite high.
There’s one problem with this kind of trade… because there’s such a wide difference between the short and long options, I believe that the long options decayed much faster than the short options, which means over the past 30 days it’s been tough to get any proper time decay in he position. I’m not sure if an iron condor would’ve been better, but some way to get the spread difference a little tighter probably would have made this trade profitable faster.
Buy to close AAPL Apr 125/115 bull put spread @1.51
Buy to close AAPL Apr 140/150 bear call spread @0.32