Apple Earnings

[tradingjournals]

In after hours, I wanted to close at 404. By the time I placed the order it went down. I kept moving the order down, but she moved faster than me. I could not take it anymore, and placed an order below the market to get out.

I do not see why AAPL would go above 410? If someone sees why, could you share?

 

[tradingjournals]

Quote from traderpro:

My best trade in 4 years, + 47 pts, St Jude trade! Unreal...

Congrats! Did you bank or you think there is more?

 

[traderpro]

Quote from tradingjournals:

Congrats! Did you bank or you think there is more?

Im all out, quote from forest gump movie...




Forrest Gump: Lieutenant Dan got me invested in some kind of fruit company. So then I got a call from him, saying we don't have to worry about money no more. And I said, that's good! One less thing. Forrest Gump referring to Apple Computer

 

[ProfLogic]

Quote from bwolinsky:

I think the put won't be profitable, but, I guess if you don't know the direction.....

Well done young Luke!

 

[bwolinsky]

Quote from ProfLogic:

Well done young Luke!

8.3% on TQQQ, up .083/0.9=9.222%. Hell yeah.

Blowout numbers as always on AAPL.

 

[ForexForex]

Quote from ForexForex:

AAPL earnings play with QQQ options - QQQ 58P / 59C strangle - Live trade in progress.

• QQQ @ $58.81
• Buy QQQ Jul 2011 58.00 Put @ $0.2302 http://finance.yahoo.com/q?s=QQQ110722P00058000
• Buy QQQ Jul 2011 59.00 Call @ $0.4002 http://finance.yahoo.com/q?s=QQQ110722C00059000
• Total debt $63.04 commissions included
• Last day of trading July 22, 2011

Well it looks like AAPL earnings was a non-event this time around, up only 2.7%. The QQQ strangle is down $20.00 and I will close it on Thursday or Friday.

 

[bwolinsky]

Quote from ForexForex:

AAPL earnings play with QQQ options - QQQ 58P / 59C strangle - Live trade in progress.

• QQQ @ $58.81
• Buy QQQ Jul 2011 58.00 Put @ $0.2302 http://finance.yahoo.com/q?s=QQQ110722P00058000
• Buy QQQ Jul 2011 59.00 Call @ $0.4002 http://finance.yahoo.com/q?s=QQQ110722C00059000
• Total debt $63.04 commissions included
• Last day of trading July 22, 2011

Are you trying to lose money? Not that it's a big position at all, but I thought we were talking about the 57 put, which guaranteed won't hit, and right now, you are out the money on both options in the strangle.....though I would bet down, the 58 put might work by the 22nd. Call probably not, and you still need at least a half percent below 58 to make anything.

 

[cgtrader]

Quote from tradingjournals:

I do not see why AAPL would go above 410? If someone sees why, could you share? [/B]

not enough suckers?

 

[ForexForex]

Quote from ForexForex:
07-19-11 03:45 PM

AAPL earnings play with QQQ options - QQQ 58P / 59C strangle - Live trade in progress.

• QQQ @ $58.81
• Buy QQQ Jul 2011 58.00 Put @ $0.2302 http://finance.yahoo.com/q?s=QQQ110722P00058000
• Buy QQQ Jul 2011 59.00 Call @ $0.4002 http://finance.yahoo.com/q?s=QQQ110722C00059000
• Total debt $63.04 commissions included
• Last day of trading July 22, 2011

POSITION CLOSED

• QQQ @ $59.49
• Sold the QQQ Jul 2011 59.00 Call @ $0.49 http://finance.yahoo.com/q?s=QQQ110722C00059000
• QQQ Jul 2011 58.00 Put will expire worthless
• P/L: -$13.00 / -22%

Comparing it to an AAPL 375P / 380C earnings strangle, the AAPL strangle would have lost about 35% (buy at $16.90 sell at $11.00).

 

[Praetorian4]

apple market is always amazin, i am sure it's gonna go up for sure