Wednesday, March 16, 2011

Closed AAPL

I bought my AAPL 330/325 bull put credit spread about five hours after opening the spread.  Why?  Because I had roughly 2/3 of my maximum profit in that time, so why take the risk holding onto the trade for three more days for only another 1/3 profit.  I'll take 8% profit in 5 hours any day.

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