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
Sell to close AAPL jun/jul 600 call calendar @4.00
Sell to close AAPL jun/jul 630 call calendar @6.73
Sell to close AAPL jul 660 call @12.95