AAPL double top? What to do? (Options Calendar/Diagonal)

7 ביולי 2021

A trader on my social media is long AAPL options as the charts begin to setup a potential Double Top with RSI overbought. The trader does not want to close their trade but feels the need to take some profit. In these situations I like to convert single directional options plays into a Calendar Spread or Diagonal Spread. In this video I use this real time example to demonstrate why and how this can be done.