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I will post a paper trade on the QQQ to compare it with the AAPL 585/580 put spread, expiry March 23. Both the AAPL and QQQ spreads are OTM, as of this post. Buy 66 put @ $0.30 Sell 65 put @ $0.12 Debit $0.18 Gross possible return $1.00 (5x the debit, the AAPL spread is 3.5x)

Nine_Ender ..... You have brought up a valid point. The AAPL trades during the last week or so were not posted in real time, some updates were not posted until the next trading day. I noticed the PCLN earnings trade was also confusing, and it is hard to follow this thread with all the noise...

Once again I would have gone with the QQQ 1-strike OTM puts instead of the AAPL 1-strike OTM puts for reasons stated earlier. In this case the QQQ Mar 2012 66.00 puts, todays range was 0.15 - 0.40, bid/ask spread 1 or 2 cents. In the previous trade the AAPL 1-strike ITM 550 puts declined...

The market just added about $20 Billion to AAPL's market cap today. That's 1/2 of what GM is worth, or 3x RIMM.

Spindr0 totally misunderstood Opt789's post, and as it gets re-quoted it loses even more meaning. I suggest you go back and read the threads, you should be able to find the mix-up.

Yes it was. My computer has a hard time loading it with all the links to YouTube. 3,000,000th post was made more than 1 year ago by Lucrum 2,000,000th DELETED 1,000,000th ET is at about 3,472,557 posts.

More like WTF is wrong with You. I saw the BS you pulled off on this thread before the Mods cleaned it up. http://www.elitetrader.com/vb/showthread.php?threadid=238412 You are a fucking stalker.

Depending on your sources QQQ is 17.45% AAPL. So if AAPL has a correction it should bring QQQ down with it, and QQQ options are cheaper. If AAPL does pullback next week we will be able to compare the AAPL 550 puts to the QQQ 65 puts, or the equivalent spreads.

For the Entertainment Value, just trying to get a couple of laughs. :)

If it's earnings related it would be more like a 70%- 80% loss after the first day if the stock just moves 0-5%.

Even though GMCR is on my watch list I had no position.

So has it been explained how Convexity fits into this thread? Looks like it doesn't. LOL :)

A cheaper alternative to the "AAPL Mar 17, 2012 $550 puts at $9.90", which also might out perform the AAPL puts in percentage is the: QQQ Mar17 2012 65.00 puts @ $0.58 EDIT: The 63.00 put can be sold for $0.10 to make it a spread.

Then buy. Any other advice you get will be just noise.

On Yahoo Finance Market Pulse someone posted: "Im amazed how the news was known all day, but the moves ah" If true that would be odd for GMCR to drop in AH the way it did if the news was already out.

Just as I thought. Convexity has nothing to do with Options, it is a term used for Bonds. http://www.investopedia.com/terms/c/convexity.asp#axzz1oY4C4XE0 The proper term for Options is Bell Curve.

According to the story there will be some housing data coming out before the April expiry. To make it easier to follow below is a link to D.R. Horton, Inc. (DHI) quotes. DHI @ $14.56 DHI April Option Chain DHI Apr 2012 14.00 puts @ $0.52

OMFG :eek:

I don't have access to GMCR quotes, is there something I should know? :confused: