vchong8
02-03 23:19

$AAPL VERTICAL 250207 PUT 230.0/PUT 240.0$

I opened this bearish put option on Apple expecting Apple to post results that showed slowing sales of iPhone rather than the iPhone upgrade cycle sales that was expected. I opened my 013125 230/235 Put and before Apple's earnings on 30th, while Apple traded higher than $240, I rolled my put forward by a week to 020725 and when Apple stayed above $235, I decided to move to my current position of 230/240 to make sure my Put closed in the money and give more time for negative calls and stock price to drop back, little knowing Trump was going to tarrif Canada, Mexico and China for real. Just closed the spread at $6.50, netting a $350 profit. 

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