I'm thinking of buying some AAPL weekly calls sometime this week, maybe Tuesday or Wednesday. At this time the 97.00 looks good but depending on how AAPL moves during the next two days I might go with a different strike. I'm interested in 1-2 strikes OTM. AAPL at 95.90 July11 2014 97.00 weekly calls at $0.36 http://finance.yahoo.com/q?s=AAPL140711C00097000 Will update if I go through with this trade.
Interesting trade, did you buy any of the $91-$96s previously with any time? I wish you luck, be safe dude!
I would agree that AAPL looks bullish from here but I can't for the life of me understand why you would consider 1-2 strikes OTM with a variable entry window. The longer you wait, the lower the chance your long shot will pay off, cost notwithstanding. I'd be buying something like the $94.29 calls which break even at $96.25 or so. I realize you can buy a lot more OTM calls for your money, but giving yourself a day or two to go ITM seems silly. The breakeven point is just too far away.
lol. you consider $1 - $2 deep out of the money? only on et do we get genius like this. sorry, you get it on yahoo and twitter too
Excuse me? Oh, I'm sorry. That was impolite. I meant "fuck you". Nowhere did I claim $1-$2 was deep OTM, so you can start with some reading comprehension. Furthermore, I do think it's risky to go that far out with only a day or two to expiry.
In this thread I have decide not to respond to any posts because it usually ends up like a revolving door - quote, reply, quote, reply, quote, reply ........... These two recent trades posted to ET should provided enough info. This AAPL trade is very similar. TWTR http://www.elitetrader.com/vb/showpost.php?p=3993056&postcount=40 PCLN http://www.elitetrader.com/vb/showpost.php?p=3994859&postcount=12
Yep, best thing would be to never post again, and use those few luck trades to start a service. $100 a month for trade calls. Thats what they all do.