Anyone playing around with AAPL options?

[overkil2]

Quote from danshirley:

If you are trying to post here to get a positive response or even an objective response to your ideas you are wasting your time.

My experience on this board is that everyone who regularly posts here is only interested insulting posters and demeaning other poster's ideas.

Use your own judgement...you won't get an objective opinion here. You're wasting your time.

Yeah, I kinda noticed this as well. The only place I've seen worse is the young Widow and Widower board.

 

[Onevoice]

Quote from danshirley:

If you are trying to post here to get a positive response or even an objective response to your ideas you are wasting your time.

My experience on this board is that everyone who regularly posts here is only interested insulting posters and demeaning other poster's ideas.

Use your own judgement...you won't get an objective opinion here. You're wasting your time.

Kinda got that feeling from the responses. I take anything and everything that people have to say... someday, sometime, somewhere it will end up being useful

 

[dtrader98]

My suspicion is that the lackluster performance of aapl today had absolutely nothing to do with their results or tablet, but was a by product of the larger market which has a strong downward force at the moment.

The uncertainty about Bernanke and other items is weighing negatively.
If anything, the positive opening results were a strong sign in light of this backdrop. If he gets voted in and the market likes it, shorts may just get taken to the cleaners on aapl (Guess which would be the 1st stock to lead the skyrocket). Not a good short for that reason, IMO.

That being said, volatility has been rising, so caution flags should abound.

 

[Onevoice]

Quote from xflat2186:

I didn’t imply anything other than the phrase “handsome profit” is moot. Read what I posted again I surely didn’t imply anything about what I thought was a big or small profit or pocket change. The idea that one capitalized on a move in the market is a moot point here since no one is showing their trades in real time. The size of those trades is even less important.
Looking at the price and volume chart for the day you can clearly see steady buying. True that each trade has two sides but when there is significant volume and the price is moving up on that volume it’s a fair assumption. Sort of interesting that you present your assumptions about what and how a stock moves…
” Also AAPL is a tech stock, tablet announcement doesn't mean jack squat until the actual product is launched (which is supposed to be tomorrow)” … “I was trying to say in this thread was this is just another day of a 4% AAPL hype that will fizzle by day”
as fact. Yet, when I project my opinion on buyers you discounted it right away.
The bottom line is buying puts or calls for leverage to try and time the market is without question a poor strategy.

My implication is that I am trying to take both of our opinions out of the discussion and focus on the strategy you put forward.

Lets move away from my comment about 'handsome profit' I just thought a 20% return on one trade qualified as handsome but nvm thats not important

Obviously I can't show my trades in real time, too much time consuming to print screen, crop image, attach etc. My point of this thread was not meant to show-off how much money I made, it was just to try and see if others on this forum were involved with AAPL options at the moment

the reason i discounted your post about buyers was because I too was following the stock all day long and saw huge spikes for both buys and sells. Not sure if there is a tool that provides the total buys/sells by day end by time intervals, etc

 

[Onevoice]

Quote from dtrader98:

My suspicion is that the lackluster performance of aapl today had absolutely nothing to do with their results or tablet, but was a by product of the larger market which has a strong downward force at the moment.

The uncertainty about Bernanke and other items is weighing negatively.
If anything, the positive opening results were a strong sign in light of this backdrop. If he gets voted in and the market likes it, shorts may just get taken to the cleaners on aapl (Guess which would be the 1st stock to lead the skyrocket). Not a good short for that reason, IMO.

That being said, volatility has been rising, so caution flags should abound.

Yea I closed my position already, since I too am predicting a surge in the coming weeks for AAPL

But do you really think AAPL will lead the rally on Bernanke news? I would expect the financials especially C and BAC since they have gotten battered in the past couple of weeks

Volatility pretty much made my trade today so can't complain about it. Will wait for another solid surge before going into AAPL again

 

[dtrader98]

Quote from Onevoice:

Yea I closed my position already, since I too am predicting a surge in the coming weeks for AAPL

But do you really think AAPL will lead the rally on Bernanke news? I would expect the financials especially C and BAC since they have gotten battered in the past couple of weeks

Volatility pretty much made my trade today so can't complain about it. Will wait for another solid surge before going into AAPL again

I just tend to think all major indices would get bought up on a perceived good news lift and if it 'was' perceived as good, as you know volatility clusters, so expect large spike. Qs are easy to move by purchases in aapl; and appl would get a lift regardless, being largest component.
Techs have been leading the rally, so momentum is on Qs as well.

Conversely, if the market actually does a major type of tank, you're better off shorting something weak in anticipation as insurance against the appl boost. Just not a good candidate to short considering the results, outlook, and attempt today, IMO.

 

[SomeYoungGuy]

Quote from Onevoice:

I guess it was poor choice of words. According to me the earnings were not spectacular, just decent. Beating the market is subjective anyway

And today's run up was for the tablet announcement tomorrow which was bound to retreat by end of day. Hype came in early morning and around noon but has faded since then. I see it going back to 206 by EOD, if so I will be out with a handsome profit

For the record, AAPL closed at 205.94. Well done sir.

Now tell me what tomorrow's lotto numbers are going to be so I can make some real money.