Selling this credit put spread gives you a chance to collect a cash premium that will be applied to the purchase of Geron Shares (Ticker: GERN). Our initial risk will be in the Apple position, but should the stock stay above $470 between now and expiration day, we will be long GERN risk free. The first step is to sell the credit put spread for $2.10. Once you have done that, you will then be able to take the cash you’ve collected from the sale of the spread and go shopping with it.
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