Schaeffer's Option Coach: An Apple Inc. (AAPL) Credit Spread
CINCINNATI-(Business Wire)-September 29, 2009 - Welcome to another in a series of articles that examines the thought process behind a wide variety of option trading strategies. This column will examine the credit spread, the pros and cons of putting on a credit spread, and the profit and loss potential of this position. So, let's jump into this interesting strategy.
In today's example, our hypothetical trader has focused his attention on Apple Inc. (NASDAQ: AAPL). Technically speaking, the security has enjoyed a stellar uptrend this year, soaring more than 118% since the beginning of 2009. The equity is currently resting on support at its 10-day moving average. Additional support is rising up in the form of its uptrending 10-week moving average – a trendline the stock has not closed a week below since mid-March.
To continue reading this article, click here: http://www.schaeffersresearch.com/commentary/content/the+option+coach+credit+spread/observations.aspx?click=home&ID=95431&source=businesswire
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