AAPL by Joab

scriabinop23 · Apr 3, 2007

anyone enter my 100/100 trade?

Its doing well. Entered it on monday.

Joab · Apr 4, 2007

AAPL remains to stay contained within 1 standard deviation and we saw rejection again late yesterday at the $95 area AGAIN.

So HOLD

krazykarl · Apr 4, 2007

Quote from Joab:

AAPL remains to stay contained within 1 standard deviation and we saw rejection again late yesterday at the $95 area AGAIN.

So HOLD

Apple releases earnings the 25th, and there is _always_ a runup the week prior. If you are betting short(puts/uncovered calls) exit now before you get hurt.

Joab · Apr 4, 2007

Quote from krazykarl:

Apple releases earnings the 25th, and there is _always_ a runup the week prior. If you are betting short(puts/uncovered calls) exit now before you get hurt.

Everyones a friggin expert.

Thanks for the free unwarranted advice.

krazykarl · Apr 4, 2007

Quote from Joab:

Everyones a friggin expert.

Thanks for the free unwarranted advice.

Take it for what it's worth from someone who's played apple derivatives for years.

If the pumpers don't get you, the theta will.

diligent · Apr 4, 2007

"If the pumpers don't get you, the theta will."

lol i love it!

thats brilliant

Tums · Apr 4, 2007

Quote from krazykarl:

Take it for what it's worth from someone who's played apple derivatives for years.

If the pumpers don't get you, the theta will.

don't you wish?

Joab · Apr 4, 2007

AAPL still can't get past 95.00 so we hold.

Joab · Apr 7, 2007

Trade Update:

We are not getting "enough" price rejection at the $95.00 area and volatility has worked itself off sufficiently enough that appl "could" make a larger move from here.

Under these current conditions it warrants moving the stop (on the spread) to break even.

We are in luck mode on this trade now

I am far more optimistic about CYTC ..

http://www.elitetrader.com/vb/showthread.php?s=&threadid=91426

scriabinop23 · Apr 7, 2007

Quote from Joab:

Trade Update:

We are not getting "enough" price rejection at the $95.00 area and volatility has worked itself off sufficiently enough that appl "could" make a larger move from here.

Under these current conditions it warrants moving the stop (on the spread) to break even.

We are in luck mode on this trade now

I am far more optimistic about CYTC ..

http://www.elitetrader.com/vb/showthread.php?s=&threadid=91426

Here's whats going to happen this week. You're right, we're going to 100.... Then... 3 days before options expiration you'll see a WSJ article talking about skimpy 1q ipod sales driving down estimates and more worries about Steve Jobs being targeted by the FTC in the options scandal.

Stock will end at 94.99.