Bought AAPL 540 weekly calls, 2 contracts at 0.43. Similar idea as my previous thread, but not an expected 10x return - more like a 5x. 
AAPL 540 weekly calls - 2 contracts at 0.43
- Thread starter FXforex
- Start date
Quote from FXforex:
Bought AAPL 540 weekly calls, 2 contracts at 0.43. Similar idea as my previous thread, but not an expected 10x return - more like a 5x.
Good luck mate
Actually I am liking your style
Quote from FXforex:
Bought AAPL 540 weekly calls, 2 contracts at 0.43. Similar idea as my previous thread, but not an expected 10x return - more like a 5x.
If there is no earning related information, I think you would lose your premium on this one, but I sincerely hope that I am wrong and that you make more than you want.
Quote from FXforex:
Bought AAPL 540 weekly calls, 2 contracts at 0.43. Similar idea as my previous thread, but not an expected 10x return - more like a 5x.
540/535 spread is at 5 to 1, and you are thinking at most 5 to 1, which is at best break even. The prices seem to say that, on average, the ass of your trade would be handed to you tomorrow.
Something to consider.
When GOOG reported the surprise trade was up.
In AAPL the surprise trade would be down you betting against the surprise trade which typically means, right or wrong, premium loss.
When GOOG reported the surprise trade was up.
In AAPL the surprise trade would be down you betting against the surprise trade which typically means, right or wrong, premium loss.
Quote from FXforex:
Bought AAPL 540 weekly calls, 2 contracts at 0.43. Similar idea as my previous thread, but not an expected 10x return - more like a 5x.
This will expire worthless.
Quote from Georgi90:
You should have bought the Nov1 540 weekly option
That could be even worse. Did you consider the possibility of a down move?
At least you are being honest now with your calls.
Losses happen. The goog trade will pay for many of these.