AAPL - July11, 2014 97.00 weekly calls

FXforex · Jul 8, 2014

FXforex said:
I'm thinking of buying some AAPL weekly calls sometime this week, maybe Tuesday or Wednesday. At this time the 97.00 looks good but depending on how AAPL moves during the next two days I might go with a different strike. I'm interested in 1-2 strikes OTM.

AAPL at 95.90

July11 2014 97.00 weekly calls at $0.36

http://finance.yahoo.com/q?s=AAPL140711C00097000

Will update if I go through with this trade.

UPDATE:

AAPL at 95.21
Bought 2 contracts July11 96.00 weekly calls at $0.45
http://finance.yahoo.com/q?s=AAPL140711C00096000

donnap · Jul 9, 2014

Just for fun.

Legged into a 95.71/96 3:5 Jul 11 ratio spread @.44/.34 for a $38 credit net of costs.

Strikes are too close for much upside. I'll see if I can't squeeze a little profit out.

FXforex · Jul 9, 2014

FXforex said:
AAPL at 95.21

Bought 2 contracts July11 96.00 weekly calls at $0.45

http://finance.yahoo.com/q?s=AAPL140711C00096000

UPDATE:

Position still open.

AAPL 1-Day Chart

Apparently that dip and partial recovery at 2:00 PM was caused by the release of the Federal Reserve minutes. As usual the markets can be very skittish when it comes to news and Federal Reserve meetings.

AAPL lagged the market today perhaps they can outperform the market on Thursday. AAPL up 1.5%+ on Thursday.

donnap · Jul 10, 2014

Legging out. Sold 2 longs @ .12. Working on shorts. Not pretty.

Sorry FF. It looks like I'll probably win piker trade of the week.

2 out of 3 ain't bad though. You nailed the UL and picked good strikes.

The only thing is size. At least a 5 lot. Make some money. This is just playing.

FXforex · Jul 10, 2014

donnap said:
Just for fun.

Legged into a 95.71/96 3:5 Jul 11 ratio spread @.44/.34 for a $38 credit net of costs.

Strikes are too close for much upside. I'll see if I can't squeeze a little profit out.

donnap said:
Legging out. Sold 2 longs @ .12. Working on shorts. Not pretty.

Sorry FF. It looks like I'll probably win piker trade of the week.

2 out of 3 ain't bad though. You nailed the UL and picked good strikes.

The only thing is size. At least a 5 lot. Make some money. This is just playing.

As you stated in your earlier post it's Just for fun.

donnap · Jul 10, 2014

FXforex said:
As you stated in your earlier post it's Just for fun.

OK, thanks for clarifying.

I'm just glad that I didn't post my TWTR trade.

donnap · Jul 10, 2014

Ok, out 3 shorts for .07. Costs are killing the P/L. With TWTR I got some rebates and ave. comm was .23/contract at one point. AAPL looks more like .75/contract.

Got some serious delta on CL. Back to business.

stock777 · Jul 10, 2014

FXforex said:
UPDATE:

AAPL lagged the market today perhaps they can outperform the market on Thursday. AAPL up 1.5%+ on Thursday.

told ya, quit while ahead. now the rep is tarnished.

FXforex · Jul 10, 2014

stock777 said:
told ya, quit while ahead. now the rep is tarnished.

I will be posting my usual option expiry summary with an AAPL 5-day chart on Friday after the market closes. The position is still open, down about 50%.

probe1957 · Jul 10, 2014

FXforex said:
I will be posting my usual option expiry summary with an AAPL 5-day chart on Friday after the market closes. The position is still open, down about 50%.

If the trade goes hard against you will you be editing your post again to make it seem as if the trade was a winner or have you finally gotten past that?