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Great! Keep me updated. When trading indices I

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leemalone2k3   Friday, 06/24/16 03:43:24 PM
Re: Zorax post# 604
Post # of 623 
Great! Keep me updated. When trading indices I would look towards the S&P options verses the Dow just for liquidity reasons. Lately I have been trading AAPL options. Here is a trade I entered last Friday and sold today. It is called a bearish put vertical spread.
Bought 10 AAPL 93.50 wp .60 -$600.00
Sold short 10 AAPL 92.50 wp .45 +$450.00
This trade cost me a total of $150.00. I sold 7 of the spread at .44 for $308.00 and 3 at .55 for $165.00. Not too shabby for a small investment.

I try to keep my options purchases as cheap as possible.

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