Stocks, Options, Futures, & Technical Thoughts Born on the Trading floors
Thursday, July 19, 2012
New trade AAPL Aug 620/640/660 Butterfly
The AAPL butterfly was rolled out and up this morning into the Aug 620/640/660 call fly for a 1.89 debit 4x8x4. Maximum risk is the $189 paid for the butterfly x 4 fly's = $756. Losses occur below 621.89 and above 658.11. Max loss occurs below 620 and above 660. Max gains of $7244 occur at the short strike of 640. All P-L assumptions are at Aug expiration. Risk Reward for the trade is 9.58 to 1.