I established a very small bear spread on Apple (AAPL) with April $230/$240 puts.
To be specifc:
Sold AAPL April $230 puts at 0.89.
Bought AAPL April $240 puts at 3.77.
The net cost for the position is therefore, 2.88. It's a very short-term trade, as everything expires next Friday. I'd call this a small gamble. Break-even is achieved at $237.12. I guess we'll see by end of next week how this one pans out.
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