Hamzei_Analytics · @HFT_StockOption
23rd Apr 2013 from TwitLonger
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