Closing Trade : AAPL

Stock / Symbol: Apple / AAPL

Option Strategy: [private_monthly]iron condor[/private_monthly]
Trade entry date: May 16
Price at trade entry: $548.47
Price at this post: $569.25

Reasoning: We're up about 11% on the trade in just under 3 weeks, going to take profits here.

Trade Details:
[private_monthly]

BTC -2 AAPL Jun12 610 calls
STC 2 AAPL Jun12 615 calls
STC 2 AAPL Jun12 490 puts
BTC -2 AAPL Jun12 495 puts
for a max net debit of $0.29 per contract (current bid $0.16 / ask $0.31) (GTC, limit order).
[/private_monthly]

Max Risk: $840
Max Reward: $160 or 19% by Jun 15
Profit Range: between $495 and $610 by Jun 15
Suggested Downside Stop @ $495
Suggested Upside Stop @ $607
Realized Profit / Loss upon fill: $102 or 12.14% (pre-commission)

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