So who is buying put options before Apple earnings.
on this call according to Goldman Sachs we should all go buy it, and they are always correct right and never steel money from the small investor right...?
Buy apple before earnings.
Now I'm not stating you should go buy put options because as new investors or traders it is always a gamble to play earnings, specially on a stock like apple but as long term investor i can set aside a few dollars for this put option call, which i don't recommend investing in options but if its gets to the right price and level I will short apple because my long prospects for apple are still low it should be around the 500 levels at the end of the 2 quarter but me expectation can change depending at how the overall economy well do. In this world there nothing of a sure thing but you can planned strategy to give the most optimal profit.?
Due to the increased IV, I was able to leg into a May iron condor with puts at 490 and calls at 710. I collected a little over 1.00 on 5.00 wide spreads.
I might try something similar on the weeklies that open today.
I might remind you that I made most of my AAPL money AFTER earnings and on the upswing it took.
The king IBM up big also before earnings, reports alright profits, down?
The Queen Apple takes a 11% dump before earnings, ?
News tries to implicate miss!
This looks like a page out of Eddy's play book SHLD.
Only difference, this is no bum on skid row.
$11.00 profit report on earnings which will give AAPL a minimum $70 bump up in price from $573 and my target for the day $670 Wednesday.
I probably will not play it!!!!!!!!!!!!!
I just see some losing trades posted here and I want to give you fair warning.
Notice the bear flag set up on SPY yet DOW and MDY flat with SPY heading down. Believe what you want but SPY is the leader of the whole market period. Just match it up to Wilshire 5000 and you will see it. So when SPY dumps end of day, it usually means a down day OR a (bear trap). SPY's last two signals like this, it dumped, the next day. The other thing is they could of easily kept it above 138 if they wanted so those 370 thousand puts would not be able to exercise. Monday could see a play down and end up even, but Tuesday is Ben's day with an AAPL in his pocket. So I would not even bet on Monday being down. But if my guess is right they will make things look bad before they plan the funeral arrangements for the the shorts on Tuesday.
Of course I could be wrong about this whole thing, you all know I have been wrong all last year. I am not trying to get anyone to buy calls. I am just saying stand down. My guess here is the QQQ's have to make room for Facebook and the S&P 500 has to reduce their position also in AAPL.4.37% right now. The only way the institutions can dump is into strength and they need to create that frenzy before the final offload of everything they can. So do not think I am offering AAPL here as a buy and hold either.
Hope your earlier prediction is wrong because I'm short weekly calls from 630-655. And 575+70 means I lose some money.
snowman said: You know I never thought to look at options on XLK, 19% of it is AAPL. Well there was a large put position taken out today on June 29 puts 2331, they could have been sold, yet that seems unlikely since the SPY is heading down and June is a ways off. Does not seem to be part of a spread either. Sometimes people who short a stock use options as cover yet that seems unlikely also. Just looking at those options June and May I would say that XLK is going down (using my indicators on price). Which would mean AAPL stays even or goes down. So I am saying my previous prediction AAPL up 70 after earnings is looking less probable.