Sell 1 Apple Jan 12 265 put for $11.10 (1,110 per contract)
Use the proceeds to buy 10 BAC Jan 13 12.5/15 vertical call spreads for 1.24.
Total Cost: $130 (will need to set aside around 2,500 in margin on the short Apple put)
Max Profit: $1,110 if Apple is above 265 on Jan 12 and $1,260 if BAC is above $15 in Jan 2013 for a total of $2,360.
0 comments:
Post a Comment