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Showing posts with label AAPL Apr 2012 $515 put. Show all posts
Showing posts with label AAPL Apr 2012 $515 put. Show all posts

Friday, April 20, 2012

AAPL April $515 put

3/15/2012

sell to open 2 April 2012 $515 puts @ $4.55

Net credit:  $908.45

Maintenance required:  $11,011 (using margin)


4/20/2012  (expiration Friday)

AAPL closed at $573.50, so I let it expire.

Net gain:  $908.45  (8.25% return in four weeks!)

Initial investment amount:  ZERO!!!!!  
(this means that I spent NO money to make $908.45!)

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