Short AAPL $620 I got 'em

asap · Mar 28, 2012

Quote from atticus:

No, but looking for a big move into the number? This could easily trade 635. I like short to 609, but a short into earnings is nuts.

probably way wiser than holding long into earnings, given the recent action.

atticus · Mar 28, 2012

Quote from asap:

probably way wiser than holding long into earnings, given the recent action.

Sure, but with all the edge out there you pay 800bp -edge on vol in May. A binary event in which vol will do nothing but go down.

Uncle_Ho · Mar 28, 2012

I'm a trader, I trade price not earnings report. I'll take the trade off whenever the fuck I want to unwind. Sometimes I gamble on earnings reports. One time I bought a bunch of GOOG calls before earnings a couple years ago OTM options. 20k turned into about 225k. I gave it back over the following 6mo.

Do you want me to post every trade ive ever made with every lot ive ever traded? Stop being a bitch, I made the trade who cares if it was for $2,500 or 25k or 250k. I guess size matters huh?

Uncle_Ho · Mar 28, 2012

Unless I'm right, then the payup in vol is worth it loser.

atticus · Mar 28, 2012

Quote from Uncle_Ho:

I'm a trader, I trade price not earnings report. I'll take the trade off whenever the fuck I want to unwind. Sometimes I gamble on earnings reports. One time I bought a bunch of GOOG calls before earnings a couple years ago OTM options. 20k turned into about 225k. I gave it back over the following 6mo.

Do you want me to post every trade ive ever made with every lot ive ever traded? Stop being a bitch, I made the trade who cares if it was for $2,500 or 25k or 250k. I guess size matters huh?

lol, yeah I would. The entertainment value alone is awesome. My guess is you'll cover before it gets to $605.

newwurldmn · Mar 28, 2012

Quote from atticus:

Sure, but with all the edge out there you pay 800bp -edge on vol in May. A binary event in which vol will do nothing but go down.

I don't see vol that wide. I see 400bps.

atticus · Mar 28, 2012

Quote from newwurldmn:

I don't see vol that wide. I see 400bps.

Wide? I see a 25-26 vol-figure on the May ATMs a week after earnings.

newwurldmn · Mar 28, 2012

Quote from atticus:

think you might be right...

professional trader. says he's short half his account. it's a 5k account (unless you live in a village in india... and even then you would have to be a street child).

doesn't specify upfront that he's shorting through puts...

newwurldmn · Mar 28, 2012

Quote from atticus:

Wide? I see a 25-26 vol-figure on the May ATMs a week after earnings.

oh. you are talking about the vol reset. thought you were referring to april/may vol spread. haven't modeled it up for post earnings.

atticus · Mar 28, 2012

Quote from newwurldmn:

oh. you are talking about the vol reset. thought you were referring to april/may vol spread. haven't modeled it up for post earnings.

I know what you're referring to, but he's not in the time spread.