Shorting Apple with a target of $250

looking at selling Oct 320 straddle slightly postive delta here with a sizeable cushion on the downside. Looking for $4.70 per share earnings.
 
Quote from kinggyppo:

you got any targets on this for earnings?
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I was off by a penny on AAPL's earnings last qtr, so I think I'll quit while I'm ahead.
 
Quote from kinggyppo:

looking at selling Oct 320 straddle slightly postive delta here with a sizeable cushion on the downside. Looking for $4.70 per share earnings.
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Weekly?

I am short (small position) the 310 weekly from 23.50.
 
Quote from atticus:

I was off by a penny on AAPL's earnings last qtr, so I think I'll quit while I'm ahead.
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You may predict the earnings but you can not easily predict market reaction. Nice job in your trade.
 
Quote from atticus:

Weekly?

I am short (small position) the 310 weekly from 23.50.
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I like put sales here with the vol on the weekly, defined risk is always a good idea but I think it trades higher.
 
Quote from retaildaytrader:

Going short Apple with a target of $250.
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Why? Just your gut feeling? I too think we will see some pullback in November. But I not going to go short just because I think that's what the market should do. The market does not care what I think.

I my opinion O'Neil was a blowhard, but he did say at least one thing of value: "never short a stock just because you think it is too high."

I'm excellent at picking market tops and bottoms, but only after the fact!
 
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