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Friday, October 19, 2012

Apple Oct 600/595 Put Spread (OPTIONS)

9/25/2012

sell to open 10 Oct. 2012 $600 put options at $1.69  (11.16% prob. ITM)
buy to open 10 Oct. 2012 $595 put options at $1.52  (10% prob. ITM)

credit:  $0.17


10/19/2012

AAPL closed at $609.84, so all the options expired perfectly!


Total gain:  $170  (3.40% return on capital in 24 days)

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