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December 18, 2012

AAPL Dec'12 Risk Reversal

Sell 510/505 Dec'12 Put Spread
Buy 535/540 Dec'12 Call Spread


Risk Profile:

Margin: 500 per contract
Max Gain: 500 per contract

12/18/12 Update:
Closing out this trade for +.70¢ per contract or 14% return on margin.