The July 29 100.00 ATM straddle is $4.14. The MM's expect AAPL to be about $104.00 or $96.00 when the market closes on July 29
There was a $4.90 straddle on Pigflix the day of earnings. It means nothing. If AAPL was gonna run, it would have by now. Its gonna see the '80's. The only thing that has saved it so far is Buffet's lackeys and Cramer.
Glad to see you only bought one though. You must be new to this game, and I say that because of your remark about professionals using Yahoo Finance. That's laughable. But I am not mocking you... just don't put all your eggs in one basket. If one call is all you can afford,.... my advice is sell it ASAP. If you can cover your commissions, take it.
They are gonna surprise. ..........................To the downside. And then they'll say its all OK because everyone will upgrade to the IPhone7. Ain't happenin'. ITunes is dead. Kids don't have the money to buy new phones. Chinese are frugal, Android can be had with the same level of functionality that an AAPL product has for 25% of the price. Ditto India and their culture.
A major corporate transformation has to be on the table in their high level meetings....and whatever they come up with, .... is yet to be proven. I wouldn't be surprised if they cut the divy.... but that's down the road. October maybe. But G/L either way, ... never bet it all. Been there done that.
There was a $4.90 straddle on Pigflix the day of earnings. It means nothing. If AAPL was gonna run, it would have by now. Its gonna see the '80's. The only thing that has saved it so far is Buffet's lackeys and Cramer.
Glad to see you only bought one though. You must be new to this game, and I say that because of your remark about professionals using Yahoo Finance. That's laughable. But I am not mocking you... just don't put all your eggs in one basket. If one call is all you can afford,.... my advice is sell it ASAP. If you can cover your commissions, take it.
They are gonna surprise. ..........................To the downside. And then they'll say its all OK because everyone will upgrade to the IPhone7. Ain't happenin'. ITunes is dead. Kids don't have the money to buy new phones. Chinese are frugal, Android can be had with the same level of functionality that an AAPL product has for 25% of the price. Ditto India and their culture.
A major corporate transformation has to be on the table in their high level meetings....and whatever they come up with, .... is yet to be proven. I wouldn't be surprised if they cut the divy.... but that's down the road. October maybe. But G/L either way, ... never bet it all. Been there done that.
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