New IM#1 for AAP RPM in Plain Vanilla

By selling this call we have essentially bulletproofed the AAP virtual trading position. We still have about a total of $12 at risk on the position if AAP has a massive decline by August, or about $0.04 per share…but, if that was the case we would still have time value remaining in our long put option. What does that mean…Hey! We’re basically Bulletproof on the virtual AAP trade!

Keep an eye out on Thursday for other possible IM #1 trades in the Plain Vanilla virtual trading account!

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