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June 4, 2014 at 10:20 am
#2167
Steven Place
Keymaster
The stock is running higher, the IV on the low strike calendars is rising, and the premium in the near term options is dropping. This is leading us to a trade that is sitting at a 12% return on risk, and I want to bail on it here so I don’t have to deal with post-split trading headaches.
Sell to close AAPL Jun/Jul 570 put calendar @ 1.25
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