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

Discussion in 'Options' started by diaoptions, Jul 22, 2012.

  1. 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.

  2. 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..

    <a target='_blank' title='ImageShack - Image And Video Hosting' href='http://imageshack.us/photo/my-images/546/aaplbutterflyearnings72.png/'><img src='http://img546.imageshack.us/img546/3623/aaplbutterflyearnings72.png' border='0'/></a><br>Uploaded with <a target='_blank' href='http://imageshack.us'>ImageShack.us</a>

    <a target='_blank' title='ImageShack - Image And Video Hosting' href='http://imageshack.us/photo/my-images/835/aaplwidebutterfly723.png/'><img src='http://img835.imageshack.us/img835/3357/aaplwidebutterfly723.png' border='0'/></a><br>Uploaded with <a target='_blank' href='http://imageshack.us'>ImageShack.us</a>
  3. watch how these options implode over night/ or not

    <a target='_blank' title='ImageShack - Image And Video Hosting' href='http://imageshack.us/photo/my-images/802/aapldaybeforeearnings.gif/'><img src='http://img802.imageshack.us/img802/6395/aapldaybeforeearnings.gif' border='0'/></a><br>Uploaded with <a target='_blank' href='http://imageshack.us'>ImageShack.us</a>
  4. 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.

  5. Earnings gambler guessing here we go! Haha
  7. flippin' dat EBT for cheap butterflies, commish, a lottery ticket (just one, cause i ain't no sucka, right) and a 40oz.

    put on this afternoon as the stock traded ~$600, a few 580/585/590, and couple 610/615/620, weeklies, as you know i can't wait. split and flip that strangle range on it's head, took that MMM then halved it, and placed the flies about there. can drop one or two tomorrow, let the last one or two ride for some friday opex excitement.

    about $270 including commish for the round trip, all 6 legs. was showing $150+ at the close (but the p/l realtime is quite fluid.) ... and of course no numbers yet,.. ah,..

    AAPL's out, $575 print,.... $566,..

    hope all managed well,... don't worry about me, i got a beer and a lottery ticket left, remember? ... and i can always wait till friday. ha!
  8. I am in the Jan13 400/600/800 fly from $102 risk (iron).
  9. +1

    Good call.
  10. We see! I model maybe $500 per, but I plan on holding half through the remainder of the year or on a touch of neutrality (or implied fwd).
    #10     Jul 24, 2012