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diaoptions

Registered: Aug 2011
Posts: 392

07-23-12 12:57 AM

AAPL Earnings this Tuesday - 580/600/620 Weekly Butterfly only $3.50

More details on Tuesday at 3:30pm EST. The exact strikes will depend on were AAPL is trading at that time, but I'm looking at plus/minus $20.00 to the ATM strike. Maximum risk about $350.00, maximum gain about $1650.00. Maximum loss is at <$580 or >$620, maximum gain is at $600 on Friday at expiry.

Will update on Tuesday with exact trade.

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cdcaveman

Registered: Aug 2011
Posts: 3513

07-23-12 04:16 PM

hey... so i've been looking at a few butterflys.. i was thinking all related to cost to reward and a little positive bias butterfly lined up with the highest open interest strike.. i think they will beat earnings. as a percentage they usually do with a 2 to 5 percent move in the stock.. i'm thinking even if it opens at 630 something it will draw back due to the closing of alot of calls that are in profit.. thats just a thought.. highest open interest strikes are 620 and 610... here are two trades to exploit those ideas..

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cdcaveman

Registered: Aug 2011
Posts: 3513

07-23-12 08:32 PM

watch how these options implode over night/ or not

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diaoptions

Registered: Aug 2011
Posts: 392

07-24-12 08:16 PM

Quote from diaoptions:
Will update on Tuesday with exact trade.

AAPL 580/600/620 Weekly Butterfly only $2.95

AAPL at $599.42
Buy 1 580 Call @ $29.05
Sell 2 600 Calls @ $16.90 x 2 = $33.80
Buy 1 620 call @ $7.70
Total Debit $2.95
Maximum loss $295.00, maximum gain $1,705.00

Maximum loss if AAPL is <$580 or >$620, maximum gain if AAPL is at $600 this Friday at expiry.

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cdcaveman

Registered: Aug 2011
Posts: 3513

07-24-12 08:25 PM

Earnings gambler guessing here we go! Haha

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atticus

Registered: Mar 2007
Posts: 12603

07-24-12 09:31 PM

EXCELSIOR!

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