First off I'd like to say this forum is extremely helpful and I have been lurking for a while but just recently got involved with options however I have been trading stocks for years. I have been wanting to buy some Nov calls deep OTM since 140. I waited because I thought Apple would pull back plus the time decay. So I learned the hard way and have watched the options go sky high. Bottom line is, I think Apple will blow away earnings and possibly announce a stock split and the stock will be trading in the 200-240 range by the end of Nov expiration. My strategy is to buy Nov calls (strike price yet to be determind) at .10-.20 an option but by 100-200 of them, for a total of $2k. (somewhere probably between 230-250 depending on how much more it pulls back on top of today). The way that I look at it is it is easier for an option to go from .10-1.00 and have a 1000% return, or $20k. Of course if the company doesn't blow away earnings, the options could be worthless the next day and I could lose $2k. Does this seem like the best strategy for the best ROI? Of course I could buy some at different strike prices and I may very well do so, however any pro's or cons that could be directed my way will be greatly appreciated. Thank you.