AAPL: Buying the Dips!

[iceman1]

What next?

 

[cactiman]

Quote from iceman1:

I just don't think society and civilization needs weekly options for any reason or purpose.
maybe someone more experienced or smarter can enlighten me as to why they came to be ! lol
anyway who is really left in the markets anymore... any humans besides us few here on ET? lol

Options are "side bets" one makes on the future behavior of stocks or ETFs.
The shorter the time frame the harder it is to predict the outcome, and the better (luckier?) your timing has to be.

When you win, you feel good for having made some "easy money".
When you lose, you feel like crap.

 

[probe1957]

BOT AAPL @ $537.77. Still in my 600/605 bear call spread.

 

[cactiman]

Quote from probe1957:

BOT AAPL @ $537.77. Still in my 600/605 bear call spread.

Good purchase price on the shares.
When does the BC Spread expire?

 

[probe1957]

Bear call is regular December expiry.

 

[iceman1]

so will AAPL see 550 on Friday or 525?

{or other price level}

Hate to say it but don't think it's going much higher than 545 before Friday. Hope I am wrong

 

[cactiman]

Sold an AAPL (Weekly) DEC4 515/510 Bull Put Spread today, with AAPL at 538.50.
Betting AAPL will stay above 515 through December 28th.
We'll see.

 

[iceman1]

Quote from probe1957:

BOT AAPL @ $537.77. Still in my 600/605 bear call spread.

I think you are going to lose $12-15 in next 2 days

personally I hope it sees 550+

 

[cactiman]

Quote from probe1957:

Bear call is regular December expiry.

That should be a winner.

 

[iceman1]

Quote from cactiman:

Sold an AAPL (Weekly) DEC4 515/510 Bull Put Spread today, with AAPL at 538.50.
Betting AAPL will stay above 515 through December 28th.
We'll see.

what did you get

$1 - or more?