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RECAP on THE APOL NOV spread

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To subcribers: Regarding the APOL NOV 55/60 credit spread


I was looking at the OCT 45 call in error. The subcriber should consider BUYING the NOV 50 call for $0.05 instead of closing out the position by buying back the NOV 55 call. Since they both are at $0.05. Both guaranteesthe subcriber locks in the profit for this APOL spread, but the NOV 50 Call purchase for $0.05 also gives you the opportunity, (even if only remote) to possibly make additional money if the stock comes back and closes at the NOV expiration anywhere above $50. However, use only use this strategy if you had planned to close out the position for $0.05 or want to free up margin. If you are going to stay for the final nickel. You will have to wait 4 weeks until NOV expiration. This is up to each subcribers subjectivity

I hope this clarifies the alternatives for the APOL NOV 55/60 call spread alternatives

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