Absolutely not. Watch it slowly drift up during this week then break through its all-time high of $134.00 after earnings. AAPL currently at $125.61.
Currently 122 AFTER earnings
Earnings - NFLX, GOOGL, AAPL, MSFT, CMG, AMZN, FB
- Thread starter OTM-Options
- Start date
Currently 122 AFTER earnings
That was good advice. Last Tuesday when you posted that AAPL was at $125.00. Tonight it's at $121.00. Shorting 100,000 shares at 125 would now be worth $400,000 +/-
It seems as though APPL "disappointed" Wall Street today. It didn't affect my /ES spreads all that much though. They are all still OTM.
Re: That was good advice.
Yes and no. It depends on the timing of entry and exit. When Autodidact posted AAPL was at $125.61, it then climbed to about $132.00. After earnings it dropped to $121.00 (I will use your quote, I didn't check the range) and opened today at $122.05, then closed at $125.14.
As you can see there was potential for profit, loss or break-even if you were short or long AAPL during the last 5 trading days - it's all in the timing.
Yes and no. - it's all in the timing.
Agreed, although I have never had much success in timing* stocks and options. Which is why I only trade credit spreads. My AAPL AUG 15 (30 days to Exp.) iron condor that I sold a few days ago is doing OK. I sold 10 110/105 Put spreads and 10 130/135 Call spreads last week (in advance of the earnings call) and, thus far, I am in the black on both positions. I expect to close one side or the other tomorrow depending on what happens overnight. Apple is trading at 125.74 in after hours trading (up .52) so I m prepared to close out the Put position and reestablish it with strikes closer to the ATM strike. I'll leave the Calls alone and wait and see. If that position goes into the money I'll roll up and reestablish the position.
Best
* Although not good art timing stocks, futures, and/or options I can get a B-777 from Washington Dulles to Tokyo Narita (a 14 hour flight) within 2-3 minutes of schedule. When it comes to options I stick to credit spreads with low (10 or less) deltas and 15 to 30 days to expiration. And let theta work her magic.
No assumptions please.
I did not say when or where, I just posted a directional bias.
No details about risk, entry or targets, I just said SHORT.
For what it's worth its going below 119, that's a no brainer.
I did not say when or where, I just posted a directional bias.
No details about risk, entry or targets, I just said SHORT.
For what it's worth its going below 119, that's a no brainer.
Going for a "second kick at the can" is a good idea. If at first you don't succeed, try, try again. Good luck.
Going for a "second kick at the can" is a good idea. If at first you don't succeed, try, try again. Good luck.
My call is 119 goes this year, yours?
AAPL's earnings have past. So I would like to move on to FB and TWTR.
- Tuesday July 28 TWTR $40.00+ after earnings. (Considering the July 31 40.00 calls)
- Wednesday July 29 FB $100.00+ after earnings. (Considering the July 31 100.00 calls)
I did AMZN with 7.5 point spread and expiry on July 31. Both legs are ITM, but can't get the full spread value on the market. Can I expect to get the max profit without exercising? Should I wait for Friday to close? Should I close it earlier? Can't exercise it, and the owner of my short call hasn't exercise his option yet.Earnings - NFLX, GOOGL, AAPL, MSFT, CMG, AMZN, FB
Earnings is upon us again so I thought I would post the stocks I will be watching and/or buying calls on - plus the occasional long QQQ weekly option position.
- Wednesday July 15 - NFLX
- Thursday July 16 - GOOGL
- Tuesday July 21 - AAPL
- Tuesday July 21 - MSFT
- Tuesday July 21 - CMG
- Thursday July 23 - AMZN
- Wednesday July 29 - FB
Feel free to post the stocks you think might be worth keeping an eye on during earnings.
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