AAPL earnings - I bought two 215 weekly calls at $2.49

AAPL earnings - I bought two 215 weekly calls at $2.49 - the day high.

• AAPL at $209.68
  
• My price target after earnings is AAPL to $225+
• AAPL yearly high $233.47

Tuesday is last day to enter an option trade before earnings - good luck.

 

seems like you bought it rather late.
anyway all the best mister.

 

• It's an earnings trade - So I had one more day to enter trade.
• I happened to enter at the high of the day though - 11:59:18 ET

 

Just curious, you are obviously bullish but if so why waited until the day before earning to buy? Seemed like the smart money were buying on 7-8 and 7-22, a lot cheaper:

 

Hindsight is always 20/20 - but useless for trading.

 

Where did you find that history of options for AAPL?

 

If those calls move higher tomorrow before earnings announcement will you sell?

And if apple trades up after earnings to $215 and not your $225 prediction what would those $215 calls be worth?

 

Trading earnings is tough. I was a option MM in AAPL for about 25 years and picking the direction and size of the move was not my forte.

 

So what you're saying is MM can be wrong??? Hmm

 

I traded volatility and the spread, very rarely was I directional. That is common among MMs.