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September 13, 2013

$AAPL Weekly Trade

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  • Strategy: Bull Put Spread
  • Underlying: AAPL
  • Trade: SELL -1 VERTICAL AAPL 100 (Weeklys) SEP4 13 440/435 PUT @.45 LMT
  • Trade Price: .45¢ credit per spread
  • Margin: $4.55 per spread
  • Return on Risk: 9.89%
  • DTE: 14
Risk Profile:
Screen Shot 2013-09-13 at 10.43.42 AM
Screen Shot 2013-09-13 at 10.43.03 AM
After a disappointing product release earlier this week Apple is down to around 467. It is still above it's 50, 100 and 200 day moving averages. We think there will be some support around 450-460 level. We're selling put premium with 14 days until expiration. Any bounce in Apple will crush put premiums and that will help our trade to work a bit faster. Daily chart:
Screen Shot 2013-09-13 at 10.44.01 AM