AAPL - Earnings this Monday - Buy OTM QQQ weekly calls on Monday

AAPL Earnings on Monday. I am considering 2-strikes OTM QQQ weekly calls bought last hour of trading on Monday, exact strike TBA. The QQQ options are a cheap alternative to the expensive AAPL calls.

 

brah....u are the best poster on here. good luck

 

Let me know what you are doing... im following once you post that strike... im thinking 550? maybe 560? Just pretty expensive

 

The AAPL calls are expensive. I'm thinking the 83.50 QQQ calls, depends on how the QQQ moves on Monday. QQQ is about 12% AAPL.

 

Disagree with this statement. Implied 1-day move in AAPL is 8.7% right now. Implied 1 day move in QQQ is 1.7%, which, divided by 12.5% weight gives you like 14% implied move. Personally, I think this vol is a sell.

 

Sorry, to be clear - AAPL vol itself is a sell and QQQ vol is a sell against AAPL vol.

 

you do know that several tickers, aapl goog pcln and 1 other I think now do options for 10 shares as opposed to 100, right? on my brokerage the symbol is listed as "aapl7" or "goog7" or "pcln7" not sure why the number 7 was chosen..

or did you mean expensive as in mispriced?

 

Bought 10 QQQ Nov1 83.50 calls at $0.32

 

I know there are many naysayers in your threads, but have you ever thought about starting a for pay service with your timing calls?

Seems like every call you make is prescient, well defined, and almost always right. Thanks.

 

you say 'cheap alternative'

not cheap

your reward is a fraction of the potential
reward on an apple move. you get what you pay for