Monday, June 6, 2011

AAPL One Week Bull Put Spread

Our trade opened today at a credit of $0.47/share.  We got a credit of $1.17 on the $335 short puts were debited $0.70 on the $330 long puts.  We can get a max ROR of 10.3% at the end of the week with both options expiring worthless.  The move up this morning is encouraging.  We will update later in the day or the week if we see an opportunity to get out with 5-7% ROR in a day or two.

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