AAPL PUT play for OE week

Price as 3/9/07 for aapl put
Strike Mar April
85 0.3 1.85
90 2.4 4

1. buy April85Put 1.755 (27.85% volatility) then
Fri.85 2.74 56%
Fri.90 1.05 -40.2%
Gain/loss: 1.39:1

2. April90Put 3.92 (26%)
85 5.74 46.4%
90 2.69 -31.4%
Gain/loss: 1.48:1

3. Mar90Put 2.24 (22.5%)
85 5 118%
90 0 -100%
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GOOG 452.96, April 450 Put Fri. 14.5 IV 27.7%

Mon GOOG452.96, 14

Fri.GOOG440, 19.6, 40%
Fri.GOOG450, 14.4, 2.8%
Fri.GOOG460, 10.27, -26.6%