• support@madhedgefundtrader.com
  • Member Login
Mad Hedge Fund Trader
  • Home
  • About
  • Store
  • Luncheons
  • Testimonials
  • Contact Us
  • Click to open the search input field Click to open the search input field Search
  • Menu Menu

Trade Alert - (AAPL) July 19, 2017

Trade Alert

When John identifies a strategic exit point, he will send you an alert with specific trade information as to what security to sell, when to sell it, and at what price. Most often, it will be to TAKE PROFITS, but, on rare occasions, it will be to exercise a STOP LOSS at a predetermined price to adhere to strict risk management discipline.
Alert

Trade Alert - (AAPL) TAKE PROFITS

SELL the Apple (AAPL) July, 2017 $152.50-$155 in-the-money vertical bear put spread at $2.42 or best

Closing Trade

7-19-2017

expiration date: July 21, 2017

Portfolio weighting: 10%

Number of Contracts = 43 contracts

 

With only TWO trading days to go, Apple is getting perilously close to our lower $152.50 strike price.

We are just one more gap opening from going out of the money with our position.

So, I am going to be ultra cautious here and stop out of my position in the July, 2017 $152.50-$155 in-the-money vertical bear put spread.

Protecting our enormous 2017 performance, up 24%, is paramount.

We got all the bad news about Apple that I expected, but the market doesn't care. The FANG's are on a tear, although extremely overbought.

This small gain will add to the 13.74% profit we took in on out long position in (AAPL) last week. So over all, we still made money on the combined "iron condor" position. These things work most of the time.

Even though (AAPL) shares moved $6.39 against us, we were still able to eke a profit out of these positions.

Such is the wonder of vertical bear put debit spreads.

July just isn't giving much to give prudent, thoughtful traders to work with.

To see how to enter this trade in your online platform, please look at the order ticket below, which I pulled off of Options House.

If you are uncertain on how to execute an options spread, please watch my training video on How to Execute a Vertical Bear Put Spread by clicking here at https://www.madhedgefundtrader.com/ltt-executetradealerts/.

You must be logged into your account to view the video.

Please keep in mind that these are ballpark prices only. There is no telling how much the market can move by the time you get this.

Be sure you've signed up for our FREE text alert service. When seconds count, this feature offers a trading advantage. In today's market, investors need every advantage they can get.

The best execution can be had by placing your bid for the entire spread in the middle market and waiting for the market to come to you.

The difference between the bid and the offer on these deep in-the-money spread trades can be enormous.

Don't execute the legs individually or you will end up losing much of your profit. Spread pricing can be very volatile with only 13 days to expiration.

If you don't get done, don't worry. There are another 250 Trade Alerts coming at you over the coming 12 months.

Here are the specific trades you need to execute this position:

Sell 43 July, 2017 (AAPL) $155 puts at..............................$4.62

Buy to cover short 43 July, 2017 (AAPL) $152.50 puts at.........................$2.20

Net Proceeds:............................................................$2.42

Profit: $2.42 - $2.35 = $0.07

(43 X 100 X $0.07) = $301, or 3.0% in 16 trading days.

Share this entry
  • Share on Facebook
  • Share on X
  • Share on WhatsApp
  • Share on Pinterest
  • Share on LinkedIn
  • Share by Mail
https://www.madhedgefundtrader.com/wp-content/uploads/2011/10/slider-05-trader-alert.jpg 316 600 Douglas Davenport https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png Douglas Davenport2017-07-19 11:14:232017-07-19 11:14:23Trade Alert - (AAPL) July 19, 2017

tastytrade, Inc. (“tastytrade”) has entered into a Marketing Agreement with Mad Hedge Fund Trader (“Marketing Agent”) whereby tastytrade pays compensation to Marketing Agent to recommend tastytrade’s brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastytrade and/or any of its affiliated companies. Neither tastytrade nor any of its affiliated companies is responsible for the privacy practices of Marketing Agent or this website. tastytrade does not warrant the accuracy or content of the products or services offered by Marketing Agent or this website. Marketing Agent is independent and is not an affiliate of tastytrade. 

Legal Disclaimer

There is a very high degree of risk involved in trading. Past results are not indicative of future returns. MadHedgeFundTrader.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of MadHedgeFundTrader.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.

Copyright © 2025. Mad Hedge Fund Trader. All Rights Reserved. support@madhedgefundtrader.com
  • Privacy Policy
  • Disclaimer
  • FAQ
Link to: July 19, 2017 - MDT Pro Tips A.M. Link to: July 19, 2017 - MDT Pro Tips A.M. July 19, 2017 - MDT Pro Tips A.M. Link to: July 20, 2017 - MDT Pro Tips A.M. Link to: July 20, 2017 - MDT Pro Tips A.M. July 20, 2017 - MDT Pro Tips A.M.
Scroll to top