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.
Tech Alert - Apple Inc. (AAPL) – EXPIRATION AT MAX PROFIT
EXPIRATION of Apple Inc. (AAPL) June 2023 $160-$165 in-the-money vertical BULL CALL spread at $5.00
Closing Trade
6-16-2023
expiration date: June 16, 2023
Portfolio weighting: 10%
Number of Contracts = 25 contracts
This trade was a slam dunk as APPL rode a tsunami up with the rest of tech.
The trade was never in question and has added yet another 2.5% to the tech portfolio.
Big tech has been one of the biggest winners of the AI craze and the stock prices reflect it.
I would buy every and any dip in APPL because it will be one of the outsized winners of any future tech trend.
Its balance sheet is the best in the business as well.
You don’t have to do anything with this expiration.
Your broker will automatically use your long position to cover your short position, canceling out the total holdings.
The entire profit will be credited to your account on Tuesday morning, June 20 and the margin freed up.
Some firms charge you a modest $10 or $15 fee for performing this service.
Here are the specific trades you need to execute this position:
Expiration of 25 June 2023 (APPL) $160 calls at…….….………$25.60
Expiration of short 25 June 2023 (APPL) 165 calls at………….$20.60
Net Proceeds:………………….....................…..…….………..…….....$5.00
Profit: $5 - $4.00 = $1.00
(25 X 100 X $1.00) = $2,500 or 25.00% in 23 days
