Apple Earnings play

[amgrant]

I'm not ragging on your position. You sound like a proficient options trader and I have to respect that. It's refreshing to talk to someone who knows their stuff.

Cheers.

 

[atticus]

Quote from amgrant:

I'm not ragging on your position. You sound like a proficient options trader and I have to respect that. It's refreshing to talk to someone who knows their stuff.

Cheers.

Hey, I hear you about defining the risk. I didn't want to be perceived as a gunslinger. My primary trades are defined-risk exotics and vanilla flies.

 

[Optrader1]

Sorry to disturb your highly technical discussion. Trying to learn from you, but "cheap tails"? Are you referring to the wings of the butterflies?

 

[atticus]

Quote from Optrader1:

Sorry to disturb your highly technical discussion. Trying to learn from you, but "cheap tails"? Are you referring to the wings of the butterflies?

Right, long gamma/dgamma "curvature" in wide-strike strangles. Cheap in terms of premium.

 

[atticus]

Spot +3 from close on current beat but forward look of a dime under First Call.

Edit: spot under Naz close at 160 last.

 

[DataCruncher]

schizophrenic action in AAPL after hours.....who made money on this?

 

[El OchoCinco]

Will let you know tomorrow morning...

 

[Optrader1]

Well, the short straddle is looking very good right now. Let's wait for CC but well done Atticus!

 

[tomahawk]

Quote from DataCruncher:

schizophrenic action in AAPL after hours.....who made money on this?

Mini-money ...

 

[DataCruncher]

i think things will get worse for AAPL.....a lot of people putting new iPod and computer purchases on the backburner