1/10/2012
sell to open 2 April 2012 $300 puts @ $6.70
Notes:
probability of expiring ITM: 23%
maintenance required: $7525 (12.54%)
earnings announcement: 2/2/2012 before Opening Bell
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2/3/2012
buy to close @ $0.90
Net gain: $1160 (15.41% return in 3 weeks!)
Initial investment amount: ZERO!!!!!
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