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May 21, 2014 at 8:43 am
#2169
Steven Place
Keymaster
As AAPL has shifted now and looks ready to break out, we’re going to add our 3rd round of calendars.
Buy to open Jun/Jul 630 call calendar for. 3.65 or lower
This will put us in a trade with opex breakevens of 565 and 637. Since we have added more capital, we will make our target return on risk 12-15% instead of 20%.