AAPL earnings on Thursday, May 2.

[poopy]

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.

Cool story

 

[SunTrader]

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

• Up at least 10%.

.... is not letting the market speak.

 

[wartrace]

Cool story

It is, isn't it? Not all of us have a 100% win rate. I am devastated I tell ya! I just lost .053% of my account!
Perhaps I was wrong in my response to this thread.
https://www.elitetrader.com/et/threads/trading-breeds-assholes.379334/page-3#post-5960307

 

[schizo]

So far, only up measly 6.5%. Will this be enough to pump up the market tomorrow?

 

[poopy]

It is, isn't it? Not all of us have a 100% win rate. I am devastated I tell ya! I just lost .053% of my account!
Perhaps I was wrong in my response to this thread.
https://www.elitetrader.com/et/threads/trading-breeds-assholes.379334/page-3#post-5960307

The trade made no sense. Strangling calendars to earn on the term structure edge (into earnings) is suicide. Bad enough to choose one strike, but two?!

 

[poopy]

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.

You upper BE is not 180.42 as you didn't shift vol-lower for May31.

 

[S2007S]

Apples earnings were nothing spectacular to move the stock up above 5% phone sales were down and services number which is looked at more closelythan any other number barely beat estimates....everything was sort of in line, but the only only only onlyyyy reason the stock popped after hours was on the $110 billion dollar stock buyback, now once again it's been one the ways many companies over the last 40 yrs have been able to prop up their stocks.... once illegal to do, it is now done by companies to ARTIFICIALLY INFLATE A STOCK PRICES EARNINGS AND STOCK!

 

[poopy]

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!

Wow, that was fire.