Friday, April 20, 2012

$AAPL entry 4/20

20 apr - with apple down 15ish during day, i entered into credit put spread at near end of day:

Sell the May510/515 credit put spread at .90 x10 =$900 credit

Trademonster shows 79% probability of max profit, but im sure its distorted a bit from earnings tuesday. if stock runs into earnings i will take profits. stock is dancing with the 50day that everyone and their cat is watching. so using the low from march support line to shoot against i kept credit spread under that.