AAPL earnings on April 27 ----- Summary of my three GOOGL trades

[OTM-Options]

April 27 at 11:52 AM EST

• AAPL at 132.68
• Bought 1 AAPL May15 138.00 call at $1.98. Filled at 11:49:28 ET.
• I plan on closing the position sometime this week.

Paper Trades vs the Live Trade (for comparison)

1. Buy 1 AAPL May01 138.00 call at $1.28. (my original plan)
2. Buy 4 QQQ May01 111.50 calls at $0.40. (alternative trade)

• Position still open.
• AAPL at $130.56.
• 1 AAPL May15 138.00 call down -75% -$150.00.
• 2 1/2 weeks to expiry.

Paper Trades (for comparison)

• 1 AAPL May01 138.00 call down -95% -$132.00.
• 4 QQQ May01 111.50 calls down -80% -$128.00.
• 3 days to expiry.

 

[OTM-Options]

AAPL at $128.64

Another down day on the markets, and the AAPL May15 138.00 calls are now at $0.29 with more than 2 weeks to expiry. Position still open.

 

[OTM-Options]

Bad week for AAPL and the market. My AAPL May15 138.00 call is down to $0.13 (from $1.98) and I doubt it will recover during the next two weeks.

• The tally for the 4 trades I posted to ET in real-time is:
• Total Debit: $460
• Total Credit: $150
• Total P/L: -$310 (Commissions not included)
• 1 AAPL May15 138.00 call still open, I expect it to expire worthless.