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Apple Options To Consider For OCT 2013

|Includes: Apple Inc. (AAPL)

If you are looking for a quick profit for October, check out these options considerations.

Reported By:

Sell-To-Open (10 contracts) | Strike $480.00 | Premium: $2,400 Probability: 24.54%

Sell-To-Open Call (10 contracts) | Strike $495.00 | Premium: 5,800 Probability 25.26%

Owning Both Contracts:

If you own both sets of contracts, your premium if the options expire worthless would be around $11,000. Shares of apple must stay between $480-$495. Be prepared to be assigned, and consider covering the positions.