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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