AAPL June Calls

J

jazzsax

Bought some June AAPL $115 Calls yesterday at $1.10...

They've been moving nicely today....

Anyone else think we could see $115 before the end of May?
 
i think we see $125 by the end of may and $150 or so by sept. wouldn't be suprised to see $200 by year end. why not there's no ceiling on the market
 
I don't buy options with less than 90 days expiration. Only newbies do that.

At times of impending move, I would consider less than 90 days, but over 60 days for sure.


I would only buy short term option that is deep ITM. But then, if I have to go deep ITM, there are other alternatives I can consider.
 
Quote from jazzsax:

More than that now.... as of now up to $2.45..... can't complain!
More...

My best suggestion for a Home Run Trade like this:
Lock in some profits now and sell half the contracts at 2.75 (+150%) and lets the other half run with a -50% mental trailing for every +50% gain.
Example:
Option Value......Trailing Stop
2.75....................2.20 (+100%)
3.30....................2.75 (+150%)
3.85....................3.30 (+200%)
4.40....................3.85 (+250%)
4.95....................4.40 (+300%)

In other words for every +50% gain above +100% profit,
keep a mental stop -50% under (like on the table above).
Between now and June expiration you will either stop out at a high profit level somewhere along the way, or carry the trade to expiration day with an extremely high profit level.
Either way, with the current price at 2.75 (+150%) and selling half the contracts now (allowing the other half to remain open with the trailing stop table), it would be impossible to lose at this point.
 
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