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Thursday, December 1, 2011

Apple Dec 2011 put spread

11/9/2011

Sell to open 10 Dec 2011 $355 puts @ $4.22
Buy to open 10 Dec 2011 $345 puts @ $3.08

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12/1/2011

Buy to close the $355 puts @ $1.02
Sell to close the $345 puts @ $0.52

NET PROFIT: $595.42 in 17 days (5.95% return on the $10,000 held as "collateral")


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