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Friday, May 18, 2012

Apple May $495 put option

4/20/2012

sell to open four May 2012 $495 put options @ $4.70

credit collected:  $1880

Notes:
  • probability ITM:  15%
  • maint. req.:  $21,684  (using margin as collateral)
  • earnings on 4/24 p.m.

5/18/2012

AAPL closed at $530.38, so my put options expired "worthless."

This means that I got to keep the entire $1880 (i.e., profit is $1880).

Net gain:  $1880  (8.67% in four weeks)

Initial investment amount:  ZERO!!

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