April 23, 2013

Apple (AAPL)

Bias: Bearish
Price Target: $370


We are bearish in AAPL and we want to purchase a put vertical to take advantage of the possible move lower.


BUY To OPEN 1 May-03 AAPL 385 Put trading at $7.75
SELL To OPEN 1 May-03 AAPL 370 Puts trading at $4.00


AAPL is now trading at $407.24
This spread is now trading at $3.75
The Total debit for this spread is: $3.75


Do not pay over $4.00 for this spread.

Day order only

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