AAPL earnings on Thursday, May 2.

OptionsOptionsOptions · May 1, 2024

AAPL earnings on Thursday, May 2.
Up at least 10%.
AAPL or QQQ calls would be a good buy before earnings.

toon · May 1, 2024

Could you please elaborate why it will up at least 10% for sure?

poopy · May 1, 2024

This reporting period is horrible for tech. AAPL is a turd but sure, it can rally on a good conf-call but I'll bet any amount that they do not print a 10% gain by Friday's open.

S2007S · May 2, 2024

OptionsOptionsOptions said:
AAPL earnings on Thursday, May 2.

Up at least 10%.

AAPL or QQQ calls would be a good buy before earnings.

Up at least 10% ???

Unless their service numbers are astronomically insanely great this stock isn't moving up 10%

OptionsOptionsOptions · May 2, 2024

toon said:
Could you please elaborate why it will up at least 10% for sure?

I will allow the market to speak for me on Friday, May 3.

wartrace · May 2, 2024

OptionsOptionsOptions said:
I will allow the market to speak for me on Friday, May 3.

I just put a double calendar on -(3 May 170 Put/3 May 175 Call) + (31 May 170 Put/31 May 175 Call) at 2:30pm today. I hate to say it but I hope you are wrong BUT it would be amazing if you called it correctly!

poopy · May 2, 2024

wartrace said:
I just put a double calendar on -(3 May 170 Put/3 May 175 Call) + (31 May 170 Put/31 May 175 Call) at 2:30pm today. I hate to say it but I hope you are wrong BUT it would be amazing if you called it correctly!

lol that calendar is going to get brutalized

wartrace · May 2, 2024

poopy said:
lol that calendar is going to get brutalized

Possibly. The four biggest opening gaps on Apple after the previous 7 earnings are 3.7%, 3.1%,3.1% and 2.5%. My lower break-even is 166.31 the upper is 180.42. I paid 3.76 for the spread. I have a system that is close to 80% profitable and this trade met my criteria. I am OK with losing. I promise I will report the results at some point on Friday. I have a GTC order in at 40% profit so only time will tell.

poopy · May 2, 2024

wartrace said:
Possibly. The four biggest opening gaps on Apple after the previous 7 earnings are 3.7%, 3.1%,3.1% and 2.5%. My lower break-even is 166.31 the upper is 180.42. I paid 3.76 for the spread. I have a system that is close to 80% profitable and this trade met my criteria. I am OK with losing. I promise I will report the results at some point on Friday. I have a GTC order in at 40% profit so only time will tell.

lol

wartrace · May 2, 2024

poopy said:
lol

Ok I just saw it was up 7% after the announcement so yes it is probably a loser. No big deal. I have five other trades on so maybe some of those will cover my loss.