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Monday, May 21, 2012

Apple June $485 Put Option

5/18/2012 (Friday)

sell (to open) two June 2012 $485 put options @ $4.25

Collected a credit of $838.46


5/21/2012 (Monday)

buy (to close) both put options @ $1.90

Net gain:  $446.94 in ONE DAY!

Initial investment amount:  ZERO!  (this means that I spent NO money up front for this trade)

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