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AAPL Intraday Updates - Earnings Day Edition (Archive)
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In a mere four hours we will all be opening beer or Champagne :-o
Or a box of tissues to wipe away our tears???
FWIW, I added a bit yesterday and today (dips)
cheers to the longs
JohnG -
Share price seems to have begun slowly moving up. Could this be value buy-in prior to earnings release?
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There are huge volumes of October 22, calls. Judging by the numbers “open interest” it looks like these are mostly buys rather than sells. Anyone explain what this means as regards expectations? Thanks.
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What you really want AAPL to run up to 430 before earnings announcement? When we run up too high, we may not get a pop.
+1. AAPL has run enough ahead of earnings this quarter (and in a short period of time). I’m fine with AAPL running flat Mon-Tuesday.
If we race to $425+ near the close, I’ll prune my fruit tree a little.
I bought the dip yesterday and haven’t sold anything. I’m holding 25% in cash to buy any dip if we don’t get what we want.
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I’ve been all in for some time now. Nothing left to buy with. Should probably sell some calls.
Sell Puts against your Shares at a Strike you think AAPL will exceed. More money in that than selling Calls.
I usually sell some stock to buy calls… not sure it is the right strategy when you expect an upturn
but I think it is equivalent to selling puts…Exact opposite, yours is equivalent to long put.
You’re hedging but he is recommending to employ margin to increase exposure.Long underlying = Long call + Short put
Long call + Short underlying = Long put
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SuperApple
- [ Ignore ]
There are huge volumes of October 22, calls. Judging by the numbers “open interest” it looks like these are mostly buys rather than sells. Anyone explain what this means as regards expectations? Thanks.
I posted about this earlier in this threat. With the reduced IV since morning on these calls, it is likely that commercial money is buying back the 420s. This bodes well for apple going into tomorrow. The wall of high OI at 420 will be smaller for AAPL to jump over.
OI was also reduced by 15k on 420’s yesterday. -
After earnings is a different matter. I hold OCT $440/$445 Call Spreads because of my belief that AAPL, post earnings, will exceed $445 handily.
over lay indicates that AAPL will be trading at $465 on Thursday. I felt a $20 margin of error was sufficient to invest accordingly.
JZ says:
[ Edited: 18 October 2011 03:51 PM by jjjz ]
I am drinking that AAPL Koolaid right up… ‘nother cup, please.Signature
Study the natural order of things and work with it rather than against it… ? Tao Te Ching
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SuperApple
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After earnings is a different matter. I hold OCT $440/$445 Call Spreads because of my belief that AAPL, post earnings, will exceed $445 handily.
over lay indicates that AAPL will be trading at $465 on Thursday. I felt a $20 margin of error was sufficient to invest accordingly.
JZ says:
I am drinking that AAPL Koolaid right up… ‘nother cup, please.In both your models, did you consider in prior earnings whether it was a weekly expiration for options or monthly? With monthly there is higher OI on call side, and the extra added price suppression factor.
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I’ve been all in for some time now. Nothing left to buy with. Should probably sell some calls.
Sell Puts against your Shares at a Strike you think AAPL will exceed. More money in that than selling Calls.
I usually sell some stock to buy calls… not sure it is the right strategy when you expect an upturn
but I think it is equivalent to selling puts…Exact opposite, yours is equivalent to long put.
You’re hedging but he is recommending to employ margin to increase exposure.Long underlying = Long call + Short put
Long call + Short underlying = Long put
True, if he buys only one call per 100 shares stock sold, unless he means he buys more calls to increase leverage. Hamourabi?
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Market Chatter
TECHNICAL ANALYSIS:PRICE/VOLUME COMBINATION: ... If you look at a 60 minute chart, you’ll see a potential near-term head & shoulders top with the neckline established at the October 13th low and this morning’s low - both around 2585-2590. A potential right shoulder could form anywhere in the 2630-2640 area. Of course, a head & shoulder really isn’t a pattern to act on until the neckline breaks with force (volume). So for now, I’d just keep in mind that the pattern exists ...
For S&P, the potential right shoulder would be around 1220. Reckoning time, is 1222.77 while I’m typing.
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Stay Hungry. Stay Foolish. - Steve Jobs
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Bought a few $425 weeklies. I should know better but I do expect another blowout quarter.
Edit: Up 5% in 10 minutes
[ Edited: 18 October 2011 04:08 PM by incorrigible ]
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“Knowledge speaks, but wisdom listens.”
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I’ve been all in for some time now. Nothing left to buy with. Should probably sell some calls.
Sell Puts against your Shares at a Strike you think AAPL will exceed. More money in that than selling Calls.
I usually sell some stock to buy calls… not sure it is the right strategy when you expect an upturn
but I think it is equivalent to selling puts…Exact opposite, yours is equivalent to long put.
You’re hedging but he is recommending to employ margin to increase exposure.Long underlying = Long call + Short put
Long call + Short underlying = Long put
True, if he buys only one call per 100 shares stock sold, unless he means he buys more calls to increase leverage. Hamourabi?
Apple II+,
You’re always exact. Yes, I’m assuming that.
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Stay Hungry. Stay Foolish. - Steve Jobs
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Reports that Germany & France have agreed on 2 TRILLION rescue package for euro rescue fund!
Choo choo!
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Full Disclosure:
- Long Apple
- Pro: Apple HDTV, iPhone Air, Stock split, Consumer robotics -
Just closed -15 390’s, left some bucks on the table, but having seen them deep red last month, I just couldn’t hold them to Fri. I swear, the gray hairs were not worth the relative pittance I got from that trade.
With that said, I am bullish (why did my fingers just type “bullshit”?
). I just think there’s a little too much confidence here on the board. Remember the Cindy Crawford’s Mole Effect.
How much did IV drop on calls today?
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