Appl Condor

Discussion in 'Options' started by chawlajack, May 19, 2018.

  1. Thoughts on this trade?
     
  2. What are your thoughts on AAPL?
     
  3. range bound
     

  4. Then it's a good trade.
     
  5. Got some upside there... not much downside... I say launch the mofo...
     
  6. HELL NO,

    my reasons,

    last four months it's had 3 drops.. one from 179-155.

    upside is at 5.81 %, when we are coming out of that drop couple months back, warren says one thing and it's gonna fly, and you are closing before earnings I believe.. also this is the most valuable company... nope not for me.

    they just announced a 100 billion dollar share buyback


    if I had to make a play on apple, which I wouldn't, I would sell puts at the lowest drop it's had in months, reasoning, is you either believe the market is going to stall, you win, go up and you win, or drops again hard then you lose which I don't think it's going to do and then wouldn't be selling... but anything could happen, this is Vegas.

    just for kicks on Monday, I'll sell the put where I said
     
    chawlajack likes this.