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AAPL Calendar

127
Short the 197.5 Strike for Feb 12 and Long the same strike Feb 18 Calls

A 3% volatility increase would put my breakeven at 185~

5%+ as low as 180.

Debit of .39 | Current Mark @ .47

Limit order: .84 GTD 2/5

Expecting a possible retreat to the .382 level, possibly even the .5 level, then a bounce back up.

I am kind of hoping for this as I'm also short a SPY call at 487 with a couple weeks left and would prefer not to roll. This spread gives me upside protection and will break even if the MAG7 decide to drop.
Nota
Greeks as of Friday Close -6 Delta 3.1 Theta Vega 3.6 Gamma -0.29
Nota
Perfect Follow through today, creating a cup with handle pattern.

Penafian

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