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Saturday, January 28, 2012

Apple earnings play

earnings announcement: 1/24/2012, after 1:00 p.m.
expected stock move: plus or minus $20


1/24/2012, 6:30 a.m.

sell to open 2 Jan. 2012 Week 4 $445 puts @ $23.60 (in-the-money)


1/27/2012 (expiration Friday)

buy to close @ $0.33



Net gain: $4619.93 in FOUR days!!!!
Initial investment amount: ZERO!!!!!

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