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October Income Trade in AAPL

Home › Forums › Income Trades › October Income Trade in AAPL

  • This topic has 1 reply, 1 voice, and was last updated 8 years, 9 months ago by Steven Place.
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  • August 27, 2013 at 12:27 am #2249
    Steven Place
    Keymaster

    This is an iron condor trade in AAPL.

    Here’s why we are taking it:

    – implied volatility on AAPL has spiked higher

    – price on AAPL has spiked higher– it is due for a correction but it will most likely be time based

    Here is the trade:

    aapl-iron-copndor

    The beauty about this setup is that the call IV is also very elevated.

    aapl-ic-risk

    Adjustments on a move under 470 or a move above 525.

    September 23, 2013 at 1:37 pm #2250
    Steven Place
    Keymaster

    After catching some downside heat as the stock pulled back to 450, we are seeing a strong gap higher, putting us right back to the middle of the iron condor.

    We have realized over 2/3 of the iron condors max potential, and there’s still a month to go. Now would be a good time to exit here, then consider just fading the ranges by selling November spreads.

    aapl-after

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