Tomorrow’s jobs report

  • Posted: 06 September 2012 12:02 PM

    Anybody have any inkling how tomorrow’s jobs report is going to play out?

    I’m asking because I have a goodly number of $660/$665 Call Spreads expiring tomorrow. They are currently deep in the money, but if I sell today I leave about 20% of potential gain on the table.

    The money I have left on the table these past few months have easily offset my losses, and I’m getting tired of it.

    Thoughts please.

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    Posted: 07 September 2012 11:13 AM #1

    Sry Gregg.  I did not see this thread.

    How did it go ?  The broader market is even.  AAPL is good.

         
  • Posted: 07 September 2012 11:53 AM #2

    Treehouse - 07 September 2012 11:13 AM

    Sry Gregg.  I did not see this thread.

    How did it go ?  The broader market is even.  AAPL is good.

    I Closed the $660/$665 Call Spread yesterday at $4.90.  I then opened a 20 $665/$670 to catch the $1,000 I left on the table, in the event the Jobs Report did not affect AAPL.  I sold those this morning and made $2,250.

    I’ve now got an order in to Open 50 Week2 $675/$685 Call Spreads at $4.85.  My trading strategy at the moment is to keep the amount invested fairly constant in terms of absolute dollars, but as we near Oct earnings increase the yield on the investment.

    I believe that AAPL will Close next Friday in excess of $690.00, potentially as high as $710.00.  If it appears that $710 will happen I have plenty of dry powder to take advantage of it.

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    You can’t do more, make more, be more, than the next guy, if you think like the next guy. Think different.