Apple Nov 2012 510/490 Put Spread (options)

10/24/2012

-20 November 2012  $510 put options at $1.53  (6.18% prob. ITM)
+20 November 2012  $490 put options at $0.96  (4.03% prob. ITM)

Notes:

- earnings on 10/25
- presidential election on 11/6


11/12/2012

AAPL between $546.54 and $547.02
expiration day:   11/16

buy back entire put spread at $0.44

Total net gain:   $198.53

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