Closed these out today with the market having trouble finding its footing. See the details in this post.
Trade:
BTC AAPL May 12 550/545 put spreads for ($2.10-$1.30) x 100 x 5 spreads = $400 paid vs $150 received = $250 loss
4/25/12
Apple Inc (AAPL) put everyone's fears to rest yesterday by beating earnings convincingly. Market is up because of it. Similar setup as other earnings moves last week. Keeping the short strike under the pre-ER low around 555. Could have moved the short strike up a little like Mark_Lexus did with his setup but I'll play it a little more conservatively. I may condor the other but not going to do so here, based on the run it had after the last earnings. OptionsHouse says I have a 90% chance of max profit on this trade.
Trade:
Sold AAPL May 12 550/545 put spreads for ($0.53-$0.23) x 100 x 5 spreads = $150 premium received
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