spread initially issued last Monday this spread is for the subscribers which missed the original rrecommendation directly below which was filled last week
The spread from last week
SELL QAA-XK AAPL DEC $55.00 PUT CREDIT= $0.65
BUY QAA-XJ AAPL DEC $50.00 PUT DEBIT $0.20
NET CREDIT = $0.45
The spread below is for subscribers who missed the original AAP put spread of 55/50 as noted above, which is currently not going to give you the credit of $0.45.
The NEW AAPL spread below is Recommended for any subscriber that did not execute the initial AAPL put credit spread. Subcribers which already have the original AAPL put credit spread may not be able to put on the new AAPL spread as it would require you to Buy to open an AAPL Dec 55 put, which you would not be able to do in the same account because you would have an open short Dec 55 put, which you can not have because it in essence would close out your original short position. The new AAPL put spread below is for subcribers who missed the initial AAPL put spread
THE RECOMMENDED SPREAD FOR 11-21-05 that will be added to our recommended list for December is noted below.
SELL QAA-XL AAPL DEC $60.00 PUT CREDIT= $0.75
BUY QAA-XK AAPL DEC $55.00 PUT DEBIT $0.25
NET CREDIT = $0.50
INITIAL "NET- CREDIT TARGET= $0.50 or $50.00
POTENTIAL PROFIT (x 10 CONTRACTS @ $0.50 = $500.00
MARGIN REQUIRE. (x 10 CONTRACTS $5,500.00
RETURN ON INVESTMENT= 9.09%
EXIT STRATEGY = NET DEBIT STOP = $1.50
We will be tracking BOTH of the AAPL positions as both we be added to our Recommended list if the spread above is able to be executed.
NOTE: If you have a second brokerage account and would like to add this position, please feel free to do so. As stated we will be following BOTH AAPL spread recommendations.