New Trade – call spread

Stock Symbol: [private_monthly]APPL[/private_monthly]

Strategy: Call Spread

Reasoning: expect stock to stay in [private_monthly]230 – 270 [/private_monthly] range for next few months. Risk is $12.80 per share to make $7.20 per share or a return of 57% within 60 days. If [private_monthly]AAPL [/private_monthly] pulls back, this is an opportunity to buy back the short call and add to the long call position

Trade Details:
BTO 1 Oct 230 call option for approximately $25.70
STO 1 oct 250 call option for approximately $12.90

Net Debit = Approximately $12.80


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