AAPL earnings on Thursday, May 2. Up at least 10%. AAPL or QQQ calls would be a good buy before earnings.
This reporting period is horrible for tech. AAPL is a turd but sure, it can rally on a good conf-call but I'll bet any amount that they do not print a 10% gain by Friday's open.
Up at least 10% ??? Unless their service numbers are astronomically insanely great this stock isn't moving up 10%
I just put a double calendar on -(3 May 170 Put/3 May 175 Call) + (31 May 170 Put/31 May 175 Call) at 2:30pm today. I hate to say it but I hope you are wrong BUT it would be amazing if you called it correctly!
Possibly. The four biggest opening gaps on Apple after the previous 7 earnings are 3.7%, 3.1%,3.1% and 2.5%. My lower break-even is 166.31 the upper is 180.42. I paid 3.76 for the spread. I have a system that is close to 80% profitable and this trade met my criteria. I am OK with losing. I promise I will report the results at some point on Friday. I have a GTC order in at 40% profit so only time will tell.
Ok I just saw it was up 7% after the announcement so yes it is probably a loser. No big deal. I have five other trades on so maybe some of those will cover my loss.