3/7/2012
Sell to open 1 AAPL March 2012 $485 put at $1.10.
probability of expiring ITM: 7.92%
3/16/2012
Option expired "worthless." Apple stock is above $485.
I made $110 in 8 trading days.
Initial investment amount: ZERO!!!
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This options trader teaches at Lilia's Investing Academy in Albany, CA.
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