Traded at 2:30pm Stock at 173.12
Seems that AAPL is retesting the lower channel line (in white) therefore I am rolling into Feb by buying back my Jan 170 for $8.20 debit and selling the Feb 175 for $13.60 credit, giving me a total credit of $5.50.
I chose the Feb 175 because it had the highest EV (extrinsic value) at $13.60 (full credit from selling the Feb 175).
My total credit is $5.50= $1,632.30 credit
New adjusted cost basis= $48.35-5.50= $42.85
Max Profit:
5.50/42.85=12.8% ROI in 35 days
Max Loss:
New stop set to $34.28 (20% loss)= $10,654.80 stop credit
