[Opening Bullish Put Spread on Apple (APPL)]
Dear Member:
With Apple (AAPL) continuing to move up amid the hype and sales of the iPhone, there is currently a 120/115 bullish put spread available with a potential return of 37% in the 21 days until July expiration if no adjustments become necessary.
I am placing an order to simultaneously buy to open the Jul 115 puts (QAASC) and sell to open the Jul 120 puts (QAASD) at a credit limit of $1.35 on a day order.
DISCLOSURE: At the time of publication, I have a LEAPS bull call spread in place on AAPL.
Sincerely,
Bill Kraft
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