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Apple's Earnings Spark Double Butterfly Trade Opportunity

2/8/2025

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Summary

Story summary

Apple (AAPL) announced fiscal Q1 earnings, currently trading between $205 and $235.
A double butterfly trade setup is suggested, expiring in March, to leverage price fluctuations.
The long call butterfly aims for a $1,000 profit if AAPL hits $260; the long put butterfly targets $1,000 at $210.
Total risk for both trades is $1.37, with a potential profit of $863.
Key resistance is identified at $260, with support at $200.

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Story summary

Apple (AAPL) announced fiscal Q1 earnings, currently trading between $205 and $235.
A double butterfly trade setup is suggested, expiring in March, to leverage price fluctuations.
The long call butterfly aims for a $1,000 profit if AAPL hits $260; the long put butterfly targets $1,000 at $210.
Total risk for both trades is $1.37, with a potential profit of $863.
Key resistance is identified at $260, with support at $200.