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Absolutely not. Watch it slowly drift up during this week then break through its all-time high of $134.00 after earnings. AAPL currently at $125.61. :)

Earnings - NFLX, GOOGL, AAPL, MSFT, CMG, AMZN, FB Earnings is upon us again so I thought I would post the stocks I will be watching and/or buying calls on - plus the occasional long QQQ weekly option position. Wednesday July 15 - NFLX Thursday July 16 - GOOGL Tuesday July 21 - AAPL Tuesday...

OK .... So the ask was $0.54 on a spread with a maximum value of $0.50. :)

Is that a typo? The ask must have been $0.44 or $0.45, not $0.54. If I am mistaken there is no need to go off on a tangent. I don't see any profit in opening any sort of DITM spread. Perhaps you might get a few pennies once in a while, but most times they will end up negative. :)

I would like to add some important info I left out in my post #36 above. When jimmyjazz entered his 42.00/42.50 Put Debit Spread for a debit of $0.40 the credit for the 42.00/42.50 Call Credit Spread would have been about $0.10. As you can see the P/L on both positions moves together. :)

Re: Put Debit Spread vs Call Credit Spread Below is jimmyjazz's Put Debit Spread compared to its equivalent Call Credit Spread, both positions have roughly the same risk:reward. Your sleep at night should be just as good with both positions - they are identical. Put Debit Spread Buy FXI...

I have never seen that format before (JulWk2, Jul15, JulWk4, and JulWk5). I'm with BMO InvestorLine and they use this format: 2015JUL10 There is no need for you to get so defensive and hostile, it was just a simple question about the expiry. :)

Relax ..... All that was posted in regards to the expiry was "I bought the 42/42.5 Jul15 put debit spread" Exact expiry could be July 10 2015, July 17 2015, July 24 2015 or July 31 2015. :)

Maximum value of the 42/42.5 put debit spread is $0.50 minus commissions and the bid/ask spread, you paid $0.40, I doubt you will see much of that $0.10. On a side note when is the expiry? I didn't see that posted. :)

Even an OTM credit spread is dicey on an underlying like FXI that's down 7% one day, up 5% the next. It will be interesting to see how long this continues. IMO ........ FXI options are something you buy, not sell under these market conditions jimmyjazz is stuck between a rock and a hard place...

The premium collected isn't worth the potential loss of profit. :)

Yes ..... The objective of a debit spread is always to bring in some premium and perhaps spend it on something. But that "premium" is just peanuts in disguise. IMO ..... Long call or put positions are far superior to debit spreads. :)

Do not micro-manage the original long AAPL Jan 2016 130 call position. Turning it into a 130/160 debit spread for only $0.55 is foolish. :)

I will try and put this as delicately as I can. !!! THE R:R IS THE FUCKING SHITS ON THAT DEBIT SPREAD - GIVE YOUR HEAD A SHAKE !!! :)

My play on this would be buying the July10 FXI 39.00 Puts at $1.04 Even though they are up 1000% from yesterday that big 7% drop in the underlying (FXI) could easily continue during the next two days. Paper-trade 1 contract July10 FXI 39.00 Put at $1.04, FXI at $38.95. Lets see how it does. :)

NPTrader ...... You lay dormant for 3 years - then suddenly spring to life with multiple lengthy posts in a few days. What is your agenda? I suspect you will disappear just as fast as your re-appearance. :)

No ....... On options with a week or more to expiration. Maybe ..... On options with less than a week to expiration. I assume the purpose of your question is to determine whether it's best to enter a position at market open or market close. The answer would be: It doesn't matter. :)

Variable could also be referring to the call/put ratio. Sell 3 puts for every short call, sell 4 puts buy 2 calls, and so on. Yes .... Or reduce the risk. Variable Ratio Write covers a huge amount of possible option positions, just like a Vertical. I don't like option position names because...

Put your thinking cap on and don't let the fancy names fool you. Short Strangles An equal amount of sold-to-open calls and puts - same expiry, different strike prices. Variable Ratio Write Variable = Capable of being changed Ratio = The relation between two numbers. Write = Sell-to-open...

Take a look at myth #4. Top 10 Myths Pigeons blow up if you feed them uncooked rice. If you shave your hair, it returns thicker and faster. There's no gravity in space. Brokerage employees shadow the trading concepts of successful traders. Marie Antoinette said, "Let them eat cake." The Great...