[Opening Bullish Put Spread on Apple Computer (AAPL)/Simultaneously Buying the Jun 32.50 Puts (AAQRZ) and Selling the Jun 35 Puts (AAQRG)/Day Order/Limit Net Credit $0.70]
Dear Member,
Apple Computer (AAPL) split 2:1 back in February. It has recently confirmed support around 35. I am placing an order to open a bullish credit spread by simultaneously selling the Jun 35 Puts (AAQRG) and buying the Jun 32.50 Puts (AAQRZ) for a net credit of $0.70 a share. Before commissions, my risk is $1.80 a share and my return on risk is $0.70/$1.80 or 38.8% provided the stock stays above 35 until June expiration.
Sincerely,
Bill Kraft for
CutLoss, Inc.
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