5/9/2012
sell to open one May 2012 $595 put option @ $2.60
credit collected: $260
Notes:
- earnings release at 1:05 pm on 5/9
- market maker's expected move: plus or minus $42.058
5/18/2012
buy to close at $0.05
Net gain: $255 in 8 days
Initial investment amount: ZERO!!!
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You, too, can make money without spending any money up front. It's accomplished by SELLING PUT OPTIONS.
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