Quote from cdcaveman:
now its time to figure out a calender to get back into for earnings... short oct long nov.... i'll have to fuck around with some what ifs to come up with strike selection
Quote from atticus:
Market is pricing an 80% prob. that it's in Nov cycle, but if wrong the calendar will lose $6-$7. The risk is asym as it will only gain a buck or so when the actual date is announced. I would be very careful in AAPL here even though it's almost certain to be a Nov impact.
Quote from 1245:
My bet would be expiration week in October. I've traded AAPL options for a long time and been wrong once. I guess I could be wrong again. Not worth trading until clarity.
Quote from cdcaveman:
what a binary bet... when do they announce anyone know when that typically is? this is a trade you can put on right as they announce it i'm sure and boom vol in oct will implode liike a mo fo.. that is if its not in oct... theres already enough to speculate i don't wanna speculate on this.. i'm waiting.. i already made a good fucking profit on a calender no reason to give it back..
Quote from atticus:
Watch the term structure by pushing the data into excel. If the premium on Nov/Oct drops below four you'll want to be ready to bolt. Honestly, it's not a prudent risk. Vols in Nov/Oct should be >six.