Tag Archives: options

AAPL Credit Spread for June 21st 185/187.5 Call

Trying to recover some of my loss on AAPL Iron Condor. I was trying to go delta neutral on AAPL, well it was delta neutral yesterday but today my overall AAPL is negative delta. That means if AAPL rises, I lose money.

This is what my profit loss graph looks like. As long as AAP stays below 185, I minimize my loss. Or if it rallies and goes above 200 but stays below 205, I make money. But I lose if it ends up between 185 and 195.

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Source: Options profit calculator