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Good solution .... But based on hindsight. Should have been posted over here before earnings, the OP posted his idea the day before his trade. http://www.elitetrader.com/vb/showthread.php?threadid=223730

Well it looks like AAPL earnings was a non-event this time around, up only 2.7%. The QQQ strangle is down $20.00 and I will close it on Thursday or Friday.

Nothing wrong with Yahoo Quotes. Below is a screen shot of an open position in IB, the same position I track with Yahoo Quotes. The difference for Market Value and P/L is only $1.00, and I attribute that to the 20 minute delay with Yahoo Quotes. Once the market closes it's usually within a...

It's different every time, and you never know. Last AAPL earnings was good for option buyers. http://www.elitetrader.com/vb/showthread.php?s=&postid=3159927#post3159927 This time around I decided to go with a QQQ 58P / 59C strangle, since AAPL makes up 12% of the QQQ. Position still open...

It would make thinks simpler if atticus cleared up the Neptune Affect as I mentioned in this post: http://www.elitetrader.com/vb/showthread.php?s=&postid=3239142#post3239142 atticus could you please chime in? Thanks. :)

AAPL earnings play with QQQ options - QQQ 58P / 59C strangle - Live trade in progress. QQQ @ $58.81 Buy QQQ Jul 2011 58.00 Put @ $0.2302 http://finance.yahoo.com/q?s=QQQ110722P00058000 Buy QQQ Jul 2011 59.00 Call @ $0.4002 http://finance.yahoo.com/q?s=QQQ110722C00059000 Total debt $63.04...

Options 101 - Strangle http://www.investopedia.com/terms/s/strangle.asp

The cheapest way, and maybe the best way to play AAPL earnings is with the QQQ options, since AAPL makes up 12% of the QQQ. A QQQ 57P / 58C strangle is only $0.78. Should be a tad cheaper tomorrow. http://finance.yahoo.com/q/os?s=QQQ&m=2011-07-21 Buy on Tuesday July 19 just before market...

I am trading REAL MONEY. My last QQQ Strangle trade was last Thursday, closed the next day - which was expiration. I bought a QQQ 58C / 57P Strangle for $0.31 fifteen minutes before market closed on Thursday (July 14) and sold it for $0.11 fifteen minutes after market opened on Friday (July 15)...

OK ..... Hopefully atticus will reply. :)

Iron Condor - just buy some further OTM options to cap the maximum loss.

It's simple math 101 ..... the 600 calls have a better return than the 570 calls. 600 calls - buy at $0.35 sell at $10.00 - 28x 570 calls - buy at $2.00 sell at $40.00 - 20x

Also you must be aware of horizontal and vertical risk if the angles intersect, this is known as the Neptune affect. As long as the H&V angle is less than 10 degrees then you will be OK, but if it's greater than 10 degrees you could be in big trouble. Maybe a margin call or total liquidation of...

Hindsight is always 20/20. If GOOG traded to my target of $610 the payoff would have been 28x, the 570's payoff would be 20x. Plus the risk was only $35.00, instead of $200.00.

My trade was the only live GOOG earnings play posted on ET. The days range for the 600 Calls was $0.05 - $4.90 and the P/L for that trade was $83.00 / 230% including commissions. Screen shot from my IB account - Times are PST, add three hours for EST. GOOG trade was opened 8 minutes...

This is the finally result of the IBM trade with the P/L graph requested by the OP. Expiry was today. Looks like it hit the maximum loss, needed a quicker move to the upside for the long 175.00 calls (2 contracts) to turn it into a profit. Green Dot IBM @ $163.18 - Trade entered on...

Sold for: $1.20 P/L: $83.00 / 230%

Sold for $1.20

Lotto Play Buy GOOG Jul 2011 600.00 call @ $0.35 http://finance.yahoo.com/q?s=GOOG110716C00600000 GOOG target after earnings $610.00 Payoff $1000.00 - $35.00 = $965.00

FYI http://finance.yahoo.com/news/Netflix-price-hike-angers-apf-445008527.html?x=0 NFLX - time to buy puts on news of price hike? Sometimes news like this causes a short term down trend, especially when the stock is at an all time high. http://finance.yahoo.com/q?s=NFLX