Trade of the Day (AAPL) 4.24.2012

Break-even:  I breakeven on this trade if AAPL closes at $499.05 by May 18, 2012.

Unprofitable: I lose money on this trade if AAPL closes under $499.05 or above $93.26 by May 18, 2012.  The most I can lose on this trade is the Price of the Spreadcan be worth $5 minus the Price I sold it for $.95 or a total of $4.05.

UPDATE 4.26.2012  With AAPL rallying hard in the last couple of days, This Put Spread has gone from $.95 to $.07, but I am leaving it on as I think there is no way that AAPL sells off $100 in 3 weeks.  Another winner at KOTM

UPDATE 4.27.2012  I closed this position out at $.06, because I am not willing to risk $4.94 to make $.06.  On to the next trade.


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