5/9/2012
Sell (to open) 5 May 2012 $560 put options @ $1.10
Notes:
- earnings on 5/9, 1:05 pm
- Market Maker's expected move: plus or minus $42.058
- Maintenance required: $28,463.42 (using margin)
5/16/2012
Buy (to close) all 5 put options @ $0.05
Net gain: $525
Initial investment amount: ZERO!!!
That's right! I spent NO money to put on this trade and I made $525 in just 6 trading days!
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