AAPL stock split...which stock to trade now?

drownpruf said:
That may be, but HV is running at 15%. The stock is simply not moving. And yeah, 7x the comms is an impact.
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I'm short and targeting 17 vol on carry or exit.

The comms don't bother me so much, but I don't trade as much as you.
 
drownpruf said:
stfu you insufferable twat. Any order is 5-7x more costly. For your one lots it's of no consequence. Kill urself. I trade a couple thousand contracts a day... so it's a huge impact. And no, I have not traded AAPL since the split. Anyone who traded AAPL pre-split has reduced their trading in AAPL (notional-terms).
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The Open Interest/Volume on AAPL options makes it clear you are full of shit. It's business as usual for AAPL options, no lost opportunity.


:)
 
drownpruf said:
stfu you insufferable twat. Any order is 5-7x more costly. For your one lots it's of no consequence. Kill urself. I trade a couple thousand contracts a day... so it's a huge impact. And no, I have not traded AAPL since the split. Anyone who traded AAPL pre-split has reduced their trading in AAPL (notional-terms).
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Yeah I stopped trading AAPL a few weeks before split. I'm looking at the chain right now. Presplit I'd normally buy ITM calls for a few points move and theyd be normally priced around $500~$1000, then buy 10 contracts for like a $10,000 trade. Now to get that same $10,000 trade....holy hell I have to buy deep ITM calls or buy like 100 near strike calls....that seems like a lot in commission.

So my question is drownpruf, as an ex AAPL options trader what is your new vehicle of choice? I need to get back to the large swings instead of accumulating gold and silver mining companies for the long term =p
 
FXforex said:
The Open Interest/Volume on AAPL options makes it clear you are full of shit. It's business as usual for AAPL options, no lost opportunity.


:)
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Volumes are down. 2MM options were trading before the split (and before the runup in vol). and now 500k are trading.

Compared to the SPY where volumes are basically flat over the last 2 months.
 
newwurldmn said:
Volumes are down. 2MM options were trading before the split (and before the runup in vol). and now 500k are trading.

Compared to the SPY where volumes are basically flat over the last 2 months.
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Overall stock and option volume is always down during the summer.


:)
 
FXforex said:
The Open Interest/Volume on AAPL options makes it clear you are full of shit. It's business as usual for AAPL options, no lost opportunity.


:)
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So what do you recommend I do to trade let's say a $10,000 position in AAPL??
Commission is gonna tear my asshole apart compares to presplit,let alone the spread is always nerveracking to cover ...You may say it's chump change but I am not some billionare/elite trader yet :p
 
FXforex said:
Overall stock and option volume is always down during the summer.


:)
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That's why I posted the comment about the SPY. Option volumes in the SPY are not down over the last two months. No reason to believe AAPL would be other than split related.
 
FXforex said:
pcln
cmg

:)
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The spread compared to AAPL presplit looks relatively large. Although I am looking at EOD data atm....Position wise, I can see that buying 1 contract for the same value vs 20 is better....

Do most experienced option traders trade larger priced stocks?:confused:
 
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