AAPL - Earnings this Monday - Buy OTM QQQ weekly calls on Monday

FXforex

FXforex

AAPL Earnings on Monday. I am considering 2-strikes OTM QQQ weekly calls bought last hour of trading on Monday, exact strike TBA. The QQQ options are a cheap alternative to the expensive AAPL calls.
 
Quote from GMitchell1211:

Let me know what you are doing... im following once you post that strike... im thinking 550? maybe 560? Just pretty expensive
More...

The AAPL calls are expensive. I'm thinking the 83.50 QQQ calls, depends on how the QQQ moves on Monday. QQQ is about 12% AAPL.
 
Quote from FXforex:

The AAPL calls are expensive. I'm thinking the 83.50 QQQ calls, depends on how the QQQ moves on Monday. QQQ is about 12% AAPL.
More...
Disagree with this statement. Implied 1-day move in AAPL is 8.7% right now. Implied 1 day move in QQQ is 1.7%, which, divided by 12.5% weight gives you like 14% implied move. Personally, I think this vol is a sell.
 
Quote from sle:

Disagree with this statement. Implied 1-day move in AAPL is 8.7% right now. Implied 1 day move in QQQ is 1.7%, which, divided by 12.5% weight gives you like 14% implied move. Personally, I think this vol is a sell.
More...
Sorry, to be clear - AAPL vol itself is a sell and QQQ vol is a sell against AAPL vol.
 
Quote from FXforex:

The AAPL calls are expensive. I'm thinking the 83.50 QQQ calls, depends on how the QQQ moves on Monday. QQQ is about 12% AAPL.
More...

you do know that several tickers, aapl goog pcln and 1 other I think now do options for 10 shares as opposed to 100, right? on my brokerage the symbol is listed as "aapl7" or "goog7" or "pcln7" not sure why the number 7 was chosen..

or did you mean expensive as in mispriced?
 
Quote from FXforex:

AAPL Earnings on Monday. I am considering 2-strikes OTM QQQ weekly calls bought last hour of trading on Monday, exact strike TBA. The QQQ options are a cheap alternative to the expensive AAPL calls.
More...

Bought 10 QQQ Nov1 83.50 calls at $0.32
 
I know there are many naysayers in your threads, but have you ever thought about starting a for pay service with your timing calls?

Seems like every call you make is prescient, well defined, and almost always right. Thanks.
 
you say 'cheap alternative'

not cheap

your reward is a fraction of the potential
reward on an apple move. you get what you pay for
 
You must log in or register to reply here.
Back
Top