AAPL by Joab

long vert spreads are long theta, short vert spreads short theta. sorry - wasn't specific enough for you.

 

long verts can be short theta if both strikes are ITM, e.g. a 85/90 call bull vert under AAPL at 92+ is short theta.

 

What?

 

No. An 85/90 debit call spread with spot at 92 is long theta. It's priced < strike differential. It will converge to S-D with time [theta] or synthetic time [decrease in volty].

Guys: Long theta = benefit from decay.

 

"I bought 1500 shares today. It was a good pull back. With the iPhone debuting, it will easily hit 98.00 within the next 2 weeks. Unless earning season kills everything... Hate earning season.."

i have to say this point of view i just cannot understand. wow.

 

hmmmmmmm

Looks like it was a double top after all.

Question now becomes how do we profit on it from here.

 

lol ^

NO ITS GOING TO 120 TODAY!!!

lol.

 

I sincerely hope your right.

I still have the long end open as a lottery ticket remember.

 

I'm favoring long side at this point, attachment shows my reasoning on it.

 

Buy& hold apple. That what I did. Long since $55