Hamzei_Analytics · @HFT_StockOption
23rd Apr 2013 from TwitLonger
April 23, 2013
Apple (AAPL)
Bias: Bearish
Price Target: $380
We are bearish on AAPL and we want to purchase a put butterfly to take advantage of the possible move lower.
BUY To OPEN 1 Apr-26 AAPL 390 Put trading at $8.10
SELL To OPEN 2 Apr-26 AAPL 380 Puts trading at $5.05
BUY To OPEN 1 Apr-26 AAPL 370 Puts trading at $1.50
AAPL is now trading at $407.24
This spread is now trading at $0.88
The Total debit for this spread is: $0.88
Do not pay over $1.00 for this spread.
Day Order Only