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

[stock777]

Quote from FXforex:

Bought 10 QQQ Nov1 83.50 calls at $0.32

.25 now, really cheap!

 

[stock777]

that pay service postponed

 

[sle]

Quote from FXforex:

Bought 10 QQQ Nov1 83.50 calls at $0.32

How do you like them AAPLes?

PS. I just sold some vega and it's realising buckets...

 

[JamesBrrando]

The google trade went as planned, this one did not. I wasnt in either. I did take a flyer on some 82.50 puts, but not enough of a position to make a huge difference. Just doing the opposite of what I wanted to do.

Keep the picks coming.

 

[tradingjournals]

Quote from sle:



PS. I just sold some vega and it's realising buckets...

what was the trade including any hedging?

 

[sle]

Quote from tradingjournals:

what was the trade including any hedging?

Sold a few hundreed of Nov 500/550 strangle @ around 19 (sorry, not gonna disclose the exact size or level). Have not hedged the delta yet.

 

[RichardRimes]

Quote from sle:

Sold a few hundreed of Nov 500/550 strangle @ around 19 (sorry, not gonna disclose the exact size or level). Have not hedged the delta yet.

nice trade...

the only problem I have with FX calls is that they are simply long or short...mostly long and it basically a stock call...NOT an options trade. All he is doing is picking a direction and saying I'm going for it, just he uses the calls instead of the stock....so I think all those kinds of calls should be in the stock forum not the options forum. It simply isn't an options "trade"

 

[tradingjournals]

Quote from sle:

Sold a few hundreed of Nov 500/550 strangle @ around 19 (sorry, not gonna disclose the exact size or level). Have not hedged the delta yet.

So essentially the market was predicting a gap of 30, and your bet was it would be less than (20 + premium).

 

[tradingjournals]

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.

I believe your analysis is incorrect.

 

[FXforex]

Quote from FXforex:
10-28-13 03:04 PM

Bought 10 QQQ Nov1 83.50 calls at $0.32

UPDATE:

I have entered a limit order to sell at $1.00, good till November 1, 2013. AAPL down 1.22% during AH trading, QQQ down 0.17%.

QQQ 5-day chart

Red dot - Bought 10 contracts 83.50 calls at $0.32