aapl options possible trade idea

R

regardspratik

I am thinking of going long before the earnings for mini

my possible trade is

sell nov 2@ 510 for 13
buy nov 11 @ 540 for 13

what do you guys think?
 
Quote from regardspratik:

I am thinking of going long before the earnings for mini

my possible trade is

sell nov 2@ 510 for 13
buy nov 11 @ 540 for 13

what do you guys think?
More...

No opinion as I consider earnings to be gambling but I see too many AAPL bull posts lately.
 
I dont see a chance that fed is going to tamper with QE and the sells of apple's phones are going to be positive. i dont see appl going below 510 EVEN if their forecast is not tht great for next fiscal. that is the ONLY reason i m looking at the short term gain. PLUS if the shit hits the fan, i can also cut my loses and get out of the posi (i figure).
 
Quote from regardspratik:

I dont see a chance that fed is going to tamper with QE and the sells of apple's phones are going to be positive. i dont see appl going below 510 EVEN if their forecast is not tht great for next fiscal. that is the ONLY reason i m looking at the short term gain. PLUS if the shit hits the fan, i can also cut my loses and get out of the posi (i figure).
More...

If it tanks over 3% the puts you sold will be itm.

What makes you think AAPL can't tank 5%?

Anything can happen, your risk limit is open wide.

This has train wreck written all over.

Sure you can make money but you need to consider the worst cases as well, risk 1st, reward later.
 
the risk v reward is the ONLY reason i am pussying out and not doing it :(

I also dont mind owning the stock at 505 if stock drops 5% after hrs.

I saw the other post abt QQQ but i dont see as big a pop or drop in it over aapl as goog, msft and others r already priced in.
 
not seeing the same prices as you are...I see the Nov2 (expire in 11 days) 540 just under 13 but I'm seeing the mini's that expire in 4 days at 27.2-28.15 for the 510. (calls)

you could sell 1 and buy 2 calls if bullish..however you could lose if it doesn't go up...but if it goes down but not down far enough you might lose when you try and close the trade. Look at it on a calculator to figure out what the trade will do if it goes UP, Down or stayes abt the same.
 
Quote from actionzip54:

If I were not joking, and I am joking, I would leverage my account to the hilt and put on that trade. It looks like a sure thing.
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Sure thing huh.

Gotta love ET.
 
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