AAPL Intraday Updates - Earnings Day Edition (Archive)

  • Avatar

    Posted: 18 October 2011 02:15 PM #151

    omacvi - 18 October 2011 03:48 PM

    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

         
  • Posted: 18 October 2011 02:58 PM #152

    Share price seems to have begun slowly moving up.  Could this be value buy-in prior to earnings release?

         
  • Posted: 18 October 2011 03:18 PM #153

    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.

         
  • Posted: 18 October 2011 03:29 PM #154

    Unique - 18 October 2011 06:03 PM

    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.

         
  • Avatar

    Posted: 18 October 2011 03:37 PM #155

    Hamourabi - 18 October 2011 03:16 PM
    Gregg Thurman - 18 October 2011 03:10 PM
    Zeke - 18 October 2011 02:55 PM

    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

    Signature

    Stay Hungry. Stay Foolish.  - Steve Jobs

         
  • Posted: 18 October 2011 03:39 PM #156

    ncgo4 - 18 October 2011 06:18 PM

    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.

         
  • Avatar

    Posted: 18 October 2011 03:45 PM #157

    Gregg Thurman - 18 October 2011 04:20 PM
    awcabot - 18 October 2011 03:29 PM
    Gregg Thurman - 18 October 2011 03:24 PM

    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.

    [ Edited: 18 October 2011 03:51 PM by jjjz ]

    Signature

    Study the natural order of things and work with it rather than against it…  ? Tao Te Ching

         
  • Posted: 18 October 2011 03:58 PM #158

    jjjz - 18 October 2011 06:45 PM
    Gregg Thurman - 18 October 2011 04:20 PM
    awcabot - 18 October 2011 03:29 PM
    Gregg Thurman - 18 October 2011 03:24 PM

    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.

         
  • Avatar

    Posted: 18 October 2011 04:02 PM #159

    Mace - 18 October 2011 06:37 PM
    Hamourabi - 18 October 2011 03:16 PM
    Gregg Thurman - 18 October 2011 03:10 PM
    Zeke - 18 October 2011 02:55 PM

    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?

    Signature

    The only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. — Steve Jobs

         
  • Avatar

    Posted: 18 October 2011 04:05 PM #160

    Rupert22 - 18 October 2011 04:45 PM

    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.

    Signature

    Stay Hungry. Stay Foolish.  - Steve Jobs

         
  • Avatar

    Posted: 18 October 2011 04:05 PM #161

    Bought a few $425 weeklies.  I should know better but I do expect another blowout quarter.

    Edit: Up 5% in 10 minutes smile

    [ Edited: 18 October 2011 04:08 PM by incorrigible ]

    Signature

    “Knowledge speaks, but wisdom listens.”
    - Jimi Hendrix

         
  • Avatar

    Posted: 18 October 2011 04:06 PM #162

    Apple II+ - 18 October 2011 07:02 PM
    Mace - 18 October 2011 06:37 PM
    Hamourabi - 18 October 2011 03:16 PM
    Gregg Thurman - 18 October 2011 03:10 PM
    Zeke - 18 October 2011 02:55 PM

    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.

    Signature

    Stay Hungry. Stay Foolish.  - Steve Jobs

         
  • Avatar

    Posted: 18 October 2011 04:11 PM #163

    Reports that Germany & France have agreed on 2 TRILLION rescue package for euro rescue fund!

    Choo choo!

    Signature

    Full Disclosure:

    - Long Apple
    - Pro: Apple HDTV, iPhone Air, Stock split, Consumer robotics

         
  • Avatar

    Posted: 18 October 2011 04:12 PM #164

    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?

    Signature

    We filed for over 200 patents for all the inventions in iPhone and we intend to protect them. — Steve Jobs, 2007

         
  • Avatar

    Posted: 18 October 2011 04:23 PM #165

    http://www.marketwatch.com/story/france-germany-agree-to-up-bailout-fund-report-2011-10-18?link=MW_home_latest_news

    Signature

    Adversity does not just build character, it reveals it.