Profit Previous Month: 2028.00 USD - Profit Current Month: Oct 2024 : 331.00 USD - Updated 15/11/24 - Details in Trade Report
Closing my AAPL positions
With DTE of 21 days on Friday I am closing my 2 strangle positions in AAPL a couple of days early.
Because AAPL has earnings on Thursday, I will not roll my position through earnings because of the extra risk it brings along.
1. Buy to Close 145P/150C Strangle, Exp Date 18/11, for a small net profit of $11. I have started this position as a 145P/170C strangle with IVR 45 and had to roll the calls down twice when AAPL duck below the put strike, so I am happy to take it of for a tiny winner.
2. Buy to close 130P/160C Strangle, Exp Date 18/11, for a net profit of $160. Initially started as a 130P/180C with IVR 42, I also had to roll the call twice down, but I had more room than the first strangle.
IVR of APPL has risen to 84 and is still up at 75, so I was not able to profit of an IV contraction, on the contrary.
If IVR stays high on Friday, I may put on a new position on immediately after earnings to hopefully profit a bit more of the IV crush after earnings.
We will see!
Cheers