Question: You believe Apple's ( AAPL ) common stock is either going to hover near its current market price of $ 6 7 . 7 5

You believe Apple's (AAPL) common stock is either going to hover near its current market price of $67.75 or, if it has a breakout, it will be to the upside. You choose to set up a 1:2 ratio put spread by going long one July 72.50 put and going short two July 62.50 puts. The July 72.50 puts have a premium of $6.13, while the premium on the July 62.50 puts is $3.88.
How much will this transaction cost you (or net you, if it is a net credit)?
Enter debit as a negative number.
 You believe Apple's (AAPL) common stock is either going to hover

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