Got shaken out of this one today. Closed the spreads
out for a total profit of $104. Stock has been all over the place the past 3 days and considering the short strike was tested yesterday, I'll gladly take the profits with only a few days until opex and max pain appears to be in the 535-600 range. Better to take the risk off now and be happy taking money out of the market.
Bought AAPL Apr 12 put spreads for ($0.53-$0.38) x 100 x 4 spreads = $60 cost vs. $164 premium = $104 total profit
Sharp pullback in the market today after some weak numbers and concerns in Europe again. Apple (AAPL) still holding the trendline, and I'm expecting a run up into earnings, which should be after April opex, but hasn't been confirmed yet. Shooting against the choppiness around 600, the trendline shown in the chart, and the 20-day sma, which is the dotted Bollinger band centerline.
OptionsHouse puts the probability of max profit at 89.4% currently.
Sold AAPL Apr 12 575/570 put spreads for ($2.35-$1.94) x 100 x 4 spreads = $164 premium received