Uhhhhh…could it be…424???

Drat…the Evil Overlords never make it THAT easy…

422.

10 point range for the week?  Not that bad.

I’m not a buyer right now, though.

Mav - 20 January 2012 02:06 PM

422.

10 point range for the week?  Not that bad.

I’m not a buyer right now, though.

I bought a couple 445/460’s, of which I will sell at least 1/2 right before earnings. It would be nice if they doubled so I can get a free ride through earnings, but I suspect a 50% gain.

That’s the current plan at least

How will you get there, though?

What’d you buy at, and how much do you need them to move to get that level of appreciation?

(I may buy a few Jan 27 BCSs if AAPL keeps hovering at 420.

Mav - 20 January 2012 02:27 PM

How will you get there, though?

What’d you buy at, and how much do you need them to move to get that level of appreciation?

(I may buy a few Jan 27 BCSs if AAPL keeps hovering at 420.

Blaze - I’m also interested in the answer to Mav’s question.  Thanks!

Mav - 20 January 2012 02:27 PM

How will you get there, though?

What’d you buy at, and how much do you need them to move to get that level of appreciation?

(I may buy a few Jan 27 BCSs if AAPL keeps hovering at 420.

$12 a point delta..  a run back up to 430 would be roughly $120 or so..  figure about $100.

I bought at $215 after commissions, and that accounts for the exit commissions too (I like to count both entry and exit in the purchase price). 

That’s where I get the 50% gain from.  Its a rough estimate, but my estimate of touching 430 again isn’t that rough in my opinion.

I also think I’m going to just sell everything before earnings.  That’s the new plan.

blaze biscuits - 20 January 2012 03:54 PM

Mav - 20 January 2012 02:27 PM

How will you get there, though?

What’d you buy at, and how much do you need them to move to get that level of appreciation?

(I may buy a few Jan 27 BCSs if AAPL keeps hovering at 420.

$12 a point delta..  a run back up to 430 would be roughly $120 or so..  figure about $100.

I bought at $215 after commissions, and that accounts for the exit commissions too (I like to count both entry and exit in the purchase price). 

That’s where I get the 50% gain from.  Its a rough estimate, but my estimate of touching 430 again isn’t that rough in my opinion.

I also think I’m going to just sell everything before earnings.  That’s the new plan.

Sounds like a plan.  Hard for me to see it not hitting $430 before earnings, given it hit $426 last quarter on earnings day when the expectations were far more modest. 

I got longer just now.

I win, if only because there were two guesses!

(No Price Is Right “without going over” rule, right? )

If we do see 430, I’ll be inclined to reconsolidate risk to April and farther out before earnings, maybe even taking a little off the table.

StillLong - 20 January 2012 03:58 PM

blaze biscuits - 20 January 2012 03:54 PM

Mav - 20 January 2012 02:27 PM

How will you get there, though?

What’d you buy at, and how much do you need them to move to get that level of appreciation?

(I may buy a few Jan 27 BCSs if AAPL keeps hovering at 420.

$12 a point delta..  a run back up to 430 would be roughly $120 or so..  figure about $100.

I bought at $215 after commissions, and that accounts for the exit commissions too (I like to count both entry and exit in the purchase price). 

That’s where I get the 50% gain from.  Its a rough estimate, but my estimate of touching 430 again isn’t that rough in my opinion.

I also think I’m going to just sell everything before earnings.  That’s the new plan.

Sounds like a plan.  Hard for me to see it not hitting $430 before earnings, given it hit $426 last quarter on earnings day when the expectations were far more modest. 

I got longer just now.

yep.. as Mav just said in the intra day thread, GOOG is just weighing down tech and AAPL.  That’s all this is, as far as I understand.

but it’s also true what Wheele’s said about ‘Where’s the Beef!?! (buyers)’..  and I think that there will be nothing but a slow drift up into earnings.  Either way it doesn’t matter.  If we get back up to 430 I’m out the door thank you very much.

I should clarify.  SOME tech is being weighed down by GOOG.  It’s a weird selective effect.  AAPL is always an easy target for perceived market malaise, and so it got beat up on mildly today.  Am I ever happy I sold my Jan 21 weekly BCS earlier this week!

At AAPL 430, most of us will probably rebalance our risk.  I’ll still be trading, I’ll just buy more time just in case.

430.

lovemyipad - 24 January 2012 08:10 AM

430.

+1

(Meaning I claim 430 too, not $430+1 = $431)

$422

424.50

Red Shirted Ensign - 24 January 2012 09:30 AM

424.50

424.51

(The Price is Right)