Yes, AAPL and the 80 call dropped .50 since I bought. Darn.
Quote from DeltaSpread: You could sell a $90 strike against your $80 strike and pocket the difference of $10.00 which would be somewhere between $3.5 & $4.00 or $350 or $400 per contract, as long as AAPL is above $90 at expiration.
Joel do some reading before you enter the option world. Leverage works both ways. May I suggest anything written by Larry McMillian. His books are of many pages, but he really is the option guru.
