Apple (AAPL) April 12 Put Credit Spread – Closed at a Loss

The call spreads I sold in order to hedge this position worked well and I was able to close them when 80% of the max credit was collected. However, the stock took a good hit so I had to close the short put spreads at a loss. Overall, the trade closed down $65 per spread so -17.66% return on risk (ROR). Below are the two previous posts on this position:

1. April 12 Put Credit Spread (4/9/12)
2. April 12 Put Credit Spread – Rolled to Iron Condor (4/12/12)