Medium term
Trade view / 13 June 2016 at 14:41 GMT

#SaxoStrats. UPDATE: Apple Jun16 102/103 short call into the green

Head of Futures & Listed Options / Saxo Bank
r Background

The Apple jun16 102/103 Call Spread we sold at $0.26 on May 27 is now trading at $0.03 and Apple just touched its 20-day moving average on 97.63. On that level, there is not much premium to grab so let's take our profit.

Apple Daily Bar Chart

Source: Saxo Bank

Entry: Buy back 10 Jun16 102/103 Call spread (we sold at $0.26 om May 27) at $0.03
=> Buy back 10 Jun16 102 Call at $0.08
& Sell back 10 Jun16 103 Call at $0.05

Profit = Entry Price - Exit Price
= $0.26 - $0.03
= $0.23 or $230 for 10 Call Spreads

Return on Investment
Profit/margin posted X 100
$0.23/$0.74 X 100

Five-year chart
Apple Daily Bar Chart 5 years
 Source: Saxo Bank

— Edited by Martin O'Rourke

Non-independent investment research disclaimer applies. Read more
13 June
Ramug65 Ramug65


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