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Old 04-24-2008, 05:47 PM
godoftrading godoftrading is online now
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Join Date: Apr 2008
Posts: 70
Apple Earnings

What do you think of this play?

- Sell 10 May 185’s
- Sell 10 May $140’s puts
- Buy 12 Jan 09 200’s
- Buy 10 Jul 150 puts.

Profitable between 135 and 208 at may expiration. Max profit at 185. Takes advantage of IV crush.
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