Tuesday, October 22, 2019

$AAPL 2022 diagonal spread entry


going to start building up some AAPL diagonals going out to the Jan2022 strike.

Today bought the Jan2022 200 strike call, filled at $60.71, stock was at 241ish when I placed the order, delta about 75. so there is about $20 of time premium, rest of this year, all of 2020, all of 2021.

the other leg of the diagonal was selling this weeks 245 call, filled at $.71, delta 25.

Best case would like closing near 245, take off the short call, and then leaning towards at weekly ratio spread for the earnings since everyone is bullish the stock. will see day of earnings





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