AAPL earnings - I bought two 215 weekly calls at $2.49

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AAPL earnings - I bought two 215 weekly calls at $2.49 - the day high.

  • AAPL at $209.68
  • My price target after earnings is AAPL to $225+
  • AAPL yearly high $233.47
Tuesday is last day to enter an option trade before earnings - good luck.

:)
 
OptionsOptionsOptions said:
  • It's an earnings trade - So I had one more day to enter trade.
  • I happened to enter at the high of the day though - 11:59:18 ET
:)
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Just curious, you are obviously bullish but if so why waited until the day before earning to buy? Seemed like the smart money were buying on 7-8 and 7-22, a lot cheaper:


upload_2019-7-29_21-59-57.png
 
OptionsOptionsOptions said:
AAPL earnings - I bought two 215 weekly calls at $2.49 - the day high.

  • AAPL at $209.68
  • My price target after earnings is AAPL to $225+
  • AAPL yearly high $233.47
Tuesday is last day to enter an option trade before earnings - good luck.

:)
More...


If those calls move higher tomorrow before earnings announcement will you sell?

And if apple trades up after earnings to $215 and not your $225 prediction what would those $215 calls be worth?
 
OptionsOptionsOptions said:
AAPL earnings - I bought two 215 weekly calls at $2.49 - the day high.

  • AAPL at $209.68
  • My price target after earnings is AAPL to $225+
  • AAPL yearly high $233.47
Tuesday is last day to enter an option trade before earnings - good luck.
More...

Trading earnings is tough. I was a option MM in AAPL for about 25 years and picking the direction and size of the move was not my forte.
 
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