Snack info board

[Lord DarkHelmet]

Looking at getting into AAPL with an OTM Bull Call spread.

Daily chart looks like it is against all time high resistance, but I expect it to break through soon.

Watching the April Exp 430/435.

Earnings could kill the spread. I wouldn't go the Feb exp because the IV is higher due the earnings and makes it almost the same price as the April exp.

Current bid/ask on the 430/435 is 2.25/2.60. A midpoint fill near 2.45 can give you >100% profit if AAPL expires over 435 in April.

Management if the spread goes against you would be to sell early (after earnings if they blow), turn it into a Broken Wing Butterfly then a Bear CALL spread, or rolling it out.

Not looking to put to much money into it. Maybe 10 contracts.

I will keep you up to date. I haven't placed a trade yet