Due to the rapid appreciation of our Apple investments, the cash in our IRAs has shrunk to 5.8% of the portfolios.

I suppose I need to think of closing a few of the Jan 2013 and Jan 2014 positions to raise some cash, but…....

Doggone it, those do not expire for a long, long time

Been looking at stuff.  Might close a Jan 2013 position tomorrow that would take us to 31% cash.

Roll it out to a Jan 2014 position later.

Have not convinced myself, though.

My wife read me a $665 AAPL ceiling prediction this morning. I don’t pay a whole lot of attention to those things because I haven’t made a study anyone’s long term prognostication success rates.

It sure is tough holding onto it and not cashing out and holding the cash for a while, but it hasn’t let me down for over 10 years now. I still have some AAPL that I bought in June 2010 at an avg $293. Looking pretty good. Guess I’ll hang on and see where the train is going.

Here we are, probably 7 1/2 weeks before the earnings report.

I am looking at July and October calls in the $530 to $560 range

What are the rest of you thinking?

roni - 10 March 2012 01:39 PM

Here we are, probably 7 1/2 weeks before the earnings report.

I am looking at July and October calls in the $530 to $560 range

What are the rest of you thinking?

My account has grown 1500+% since mid December using (with AAPL’s able assistance) matching period historic trend. Until the trend is no longer my friend, I will continue to invest as I have.

Yeah I give up on my AAPL strategy rooms, no one was attending and the rent was a killer.

My revised iPad projections haven’t moved the EPS needle much.  Need still more data to see if the number has to go up.  I think I can see 560-600 in the distance but there’s some macro and iPad sales uncertainty to deal with first.  Not setting up for earnings just yet.

I like setting up higher certainty short-term trades.

Gregg Thurman - 10 March 2012 02:05 PM

roni - 10 March 2012 01:39 PM

Here we are, probably 7 1/2 weeks before the earnings report.

I am looking at July and October calls in the $530 to $560 range

What are the rest of you thinking?

My account has grown 1500+% since mid December using (with AAPL’s able assistance) matching period historic trend. Until the trend is no longer my friend, I will continue to invest as I have.

That’s awesome Gregg, care to share some specific strategies, in this strategy thread?

JDSoCal - 10 March 2012 04:58 PM

Gregg Thurman - 10 March 2012 02:05 PM

roni - 10 March 2012 01:39 PM

Here we are, probably 7 1/2 weeks before the earnings report.

I am looking at July and October calls in the $530 to $560 range

What are the rest of you thinking?

My account has grown 1500+% since mid December using (with AAPL’s able assistance) matching period historic trend. Until the trend is no longer my friend, I will continue to invest as I have.

That’s awesome Gregg, care to share some specific strategies, in this strategy thread?

+1500%

Mav - 10 March 2012 03:25 PM

Yeah I give up on my AAPL strategy rooms, no one was attending and the rent was a killer.

Rent?  No one told me about rent

  Hey, I just go where the discussion is.

And right now, I’m thinking of buying in.  I think we just got our confirmation that iPad is gonna be off to a tremendous start.

Mav - 11 March 2012 05:25 PM

  Hey, I just go where the discussion is.

And right now, I’m thinking of buying in.  I think we just got our confirmation that iPad is gonna be off to a tremendous start.

I think I may put in a limit order to open a July $540 position tomorrow.

Risk be damned, I’m gonna have to throw _some_ chips_ down very soon…

JDSoCal - 10 March 2012 04:58 PM

Gregg Thurman - 10 March 2012 02:05 PM

roni - 10 March 2012 01:39 PM

Here we are, probably 7 1/2 weeks before the earnings report.

I am looking at July and October calls in the $530 to $560 range

What are the rest of you thinking?

My account has grown 1500+% since mid December using (with AAPL’s able assistance) matching period historic trend. Until the trend is no longer my friend, I will continue to invest as I have.

That’s awesome Gregg, care to share some specific strategies, in this strategy thread?

My strategy is quite simple.  Having confidence in my historic trend analysis, I am buying Call Spreads (I prefer $10 to $15 Spreads for the flexibility they afford me) with the short leg approximately $5 below the forecasted intraday low on expiry.

If AAPL moves up quickly, I am rolling my initial investment into something a tidbit higher.

As we get closer to April earnings I expect AAPL’s weekly gains to increase, and will invest more aggressively (OTM Spreads).

With AAPL exceeding projected gains by an average of more than 2X, my relatively conservative investment is paying off quite well (averaging 111% per week since December 16).

Gregg Thurman - 11 March 2012 07:37 PM

JDSoCal - 10 March 2012 04:58 PM

Gregg Thurman - 10 March 2012 02:05 PM

roni - 10 March 2012 01:39 PM

Here we are, probably 7 1/2 weeks before the earnings report.

I am looking at July and October calls in the $530 to $560 range

What are the rest of you thinking?

My account has grown 1500+% since mid December using (with AAPL’s able assistance) matching period historic trend. Until the trend is no longer my friend, I will continue to invest as I have.

That’s awesome Gregg, care to share some specific strategies, in this strategy thread?

My strategy is quite simple.  Having confidence in my historic trend analysis, I am buying Call Spreads (I prefer $10 to $15 Spreads for the flexibility they afford me) with the short leg approximately $5 below the forecasted intraday low on expiry.

If AAPL moves up quickly, I am rolling my initial investment into something a tidbit higher.

As we get closer to April earnings I expect AAPL’s weekly gains to increase, and will invest more aggressively (OTM Spreads).

With AAPL exceeding projected gains by an average of more than 2X, my relatively conservative investment is paying off quite well (averaging 111% per week since December 16).

Monthlies or weeklies?

April $600 calls.