Tonight after market close, Apple (AAPL) is going to announce earnings. Probably the most awaited announcement (except Google) that will set the tone for the tech companies. Once I close my FUL positions, I shall try to capture “my” thoughts and hopefully how to play. As a privilege to registered users, It will go to registered users first though. Stay tuned ! (Posted already, if you are registered, you will be able to view it).
Till then, profitable trading
backspread, EarningsOptionPundit© (OP) is designed for novice as well as serious option traders. It is a stock & option trading blogsite that is dedicated to the following objectives: read more ⇒
optionpundit
January 17th, 2007 at 11:33 pm
I have already posted my trade for AAPL tonight. Registered users were able to view it earlier. Its open to all now.
Thank U AAPL -Earnings-Closed Profit 7% at OptionPundit
January 18th, 2007 at 11:16 pm
[...] Well, despite the great show, apple didn’t turn out a great show in the stock performance. Since I played non-direction on the earnings, I covered my short 95 call leg for $0.20. This resulted in $95 profit on $1365 investment i.e. 7% in one night. Though apple continue to fall as of this writing, I didn’t want to give my profits back to the market, so clsoed it for 7% profit. This closes my earlier posting about apple which were posted here and here [...]
David
October 5th, 2007 at 2:19 am
It’s a very interesting traded and strategy. If AAPL had move according to your prediction, wouldn’t your short of 3 X 95 Call be at a loss? You will have to buy back your short immediately when the stock move upward?
Best regards,
David
PS: I have been reading this site regularly. It is one of the best site I’d come across. Thanks for your unselfish sharing.