AAPL could range around 160-190 as the price continues to move lower, the spy is fading and mexico tariffs are coming. This will be bearish environment as the greater trend. The lesser trend in appl is also bearish and may move sideways now that the price has dropped lower.
155/160/190/195 Iron Condor, EXP July 19, Max gain/loss 154/346
I plan to take at least $90 out of this trade, plan to exit on July 6-7 for a profit if the price is lower I will roll the pattern into an iron fly or sell one wing to cover some of my losses. Likewise max loss will be $180.
Date to modify trade if it is moving against me will be June 26th.
This is a journal entry and not trading advice.
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Trade update: changed to iron fly 185/190/195 as market rallied on Powell put
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$46 profit for selling 160/165 credit spread to move to 185/190