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Friday, October 19, 2012

Apple Oct 2012 590/500 Put Spread (OPTIONS)

9/25/2012

sell to open 10 Oct. 2012 $590 put options @ $1.21  (5.65% prob. exp. ITM)
buy to open 10 Oct. 2012 $500 put options @ $0.37  (1.57% prob. exp. ITM)


10/19/2012  (expiration)

buy to close the 10 "short" options @ $0.01

AAPL closed at $609.84, so all options expired perfectly.


Net gain:  $814.45  (in 24 days)

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