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.
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