you guys doing any of these ? AAPL OCT 19 '12 + 650 - (2)700 + 750 Call Butterfly = 18.90 mid i want in on some flys.. what are the ideas right now?
I wouldn't touch anything in AAPL right now beyond a weekly. I do like the 680/695/710 weekly fly, long from 5.00. Edited typo on strikes.
weridly i have this feeling that with all the different perceptions going around... the things probably staging a move....... i like always hit myself when i get this feeling and just don't out right buy some wings... the fucking OTM's will go from 1 dollar to 15 .. i've seen them start at .50 cents and swing up to like 25 before.. or at least 15 i don't remember.. either way its insane.. the weeklys just don't get priced right when theres tons of action.. must be like selling and hedging vix options.
It's a solid bet on gamma into stat vol with no "iPad mini" news. I'd still take it with hopes that close-close var is still low into mini-news. I own it from 5.
last time i flyed in short winged on a weekly it fucked me... its trading at 4.45 right now.. people are crazy bullish on this stock.. the reason i don't like it is that for some reason i have this idea that tue wed are moving days... maybe its just supersticiion
This is a good straight forward trade. Buy AAPL Sep 2012 715.00 calls @ 1.71 http://finance.yahoo.com/q?s=AAPL120922C00715000