We are sinking, we are sinking. Bought 395, looking to buy 390(wish i had stink bid in but did not) as well to cover my 405 weekly puts. Cannot believe it did not sink 10%+, maybe tomorrow but I will not risk it with AAPL.
Taking Apple (AAPL) short
- Thread starter chaosclarity
- Start date
We are sinking, we are sinking. Bought 395, looking to buy 390(wish i had stink bid in but did not) as well to cover my 405 weekly puts. Cannot believe it did not sink 10%+, maybe tomorrow but I will not risk it with AAPL.
Buy puts, your risk is defined. That is the only way IMO.
just saw this post. you already did!
Are you familiar with the implied volty and the premium behavior before and after earnings? There is one sure thing that would happen after earnings: a fall in volty. I would have established a butterflies at the strike you think it would go to, instead of the put, if I had to play options.
Andy Zaky's usual excellent analysis.
Why Apple's big miss doesn't matter
Apple currently recovering at $402. Was down to around $390-395 during shakeout yesterday.
Important thing to note was that they raised guidance for this quarter. Apple should be back up there after strong holiday season.
Why Apple's big miss doesn't matter
Apple currently recovering at $402. Was down to around $390-395 during shakeout yesterday.
Important thing to note was that they raised guidance for this quarter. Apple should be back up there after strong holiday season.
you are correct. I am trying to guesstimate what price it will open at. I also sold Oct21 405p against (@463)and may or may not have to repair
Also sold (2) AAPL Oct 435c (@565)... now I expect to be able to enter +Nov calls after I get a feel for what prices aapl will likely trade at next 3-8 days
Do you think I should enter Nov calls today or wait until it after expiry. AAPL "could" still see 435 Friday (hoping to close at or near open) lol
Thanks for the input.
GordonTheGekko
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