The July 9 AAPL position reached expiration on August 7 with the entire option structure out of the money.
AAPL finished at $313.25, well below the first 330 call strike. All three legs expired worthless, allowing the full $312 credit to be captured.
What Was Opened
When the trade was opened, AAPL already looked stretched after a sharp rebound into the upper end of its recent range.
The stock kept pushing higher for another couple of weeks, but the technical picture was becoming increasingly difficult to ignore. Momentum was extended, price was pressing into resistance, and the setup was pointing to a loss of upside momentum rather than another clean leg higher.
The move finally reset around the late-July earnings window.
AAPL rolled over sharply, momentum weakened, and the stock moved back below the area that had looked overheated at entry. From there, the position had exactly the environment it needed: no sustained upside follow-through and plenty of distance from the 330 call strike.
The timing took patience, but the original technical read ultimately played out cleanly.
Trade Recap
Entry Date: July 9, 2026
Expiration: August 7, 2026
Contracts: 3
Long Call: 330C
Short Calls: 335C
Upper Long Call: 360C
Credit Received: $312
Broker Commissions: -$6.41
Net P/L After Broker Fees: +$306
👉 View on OptionStrat
👉 View in Trade Log
Final Takeaway
One more thing is worth watching here: AAPL’s weekly chart.
Last week produced what is effectively a bearish engulfing reversal after the stock had stretched into the $340 area. The rejection was sharp, the prior upside momentum broke, and price closed the week back near $310.
That changes the short-term picture.
Until AAPL can reclaim that failed breakout area, I would treat the weekly setup as bearish for the next several weeks and expect rallies to face more resistance than they did during the July advance.
The options trade is finished. The chart may not be😎
Disclaimer
All content is for informational purposes only and does not constitute financial advice.Any trades or strategies should be tested in a simulated environment before use.Trading involves risk, and all decisions are the sole responsibility of the reader.
That was nerve racking to hold . Glad it gave up after earnings