Apple stock is also trading higher in this market rally. We have around $100 per contract of profit in this trade. With earnings coming up next week (8/3), let’s close our AAPL diagonal spread for a profit today and we will enter a new trade on this stock after the earnings report.

TRADE CLOSE

Apple Inc. (AAPL):  196.70

TRADE:  CLOSE the AAPL diagonal spread for a net credit of around 6.75 to 6.85.

BTC the 28 Jul 192.50 call

STC the 15 Sep 190 call

Master Portfolio:  5 contracts