APOL Earnings Trade Follow Up

Although we’re right at resistance (gap from previous earnings), let’s go ahead and close out the spread. We are in a double calendar spread, so we want to leg out of each calendar individually. If you’re broker can handle it (they should) sell the jul/aug 65 put spread first, then sell the jul/aug 70 call spread. We’re looking at a gain of 60-70 bucks, or about 25% return on our money. Not bad for an overnight hold.


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