nope...if your willing to spend 3$ whats a buck fifty this close to exp AAPL will want to trade up to catch all those shorts!!!
To be a bit more serious...when/if I were to buy a call with such a short time left then gaps like that are basically of no concern. I've defined my loss and am looking for a very quick (day-day and a half) gain.......the 572 gap may certainly be filled but the odds are not in the next day or two.
I was more tongue in cheek than anything else, as I thought you were with your original comment. I have reverted to just enjoying the comic relief of this thread at this point. Knowing drownpruf is also long takes all the fun out of it at the moment. I agree, it could take weeks for the gap to fill and as you say the odds of it filling by friday are relatively low. But it still could "pull" price towards it, and I personally wouldn't feel comfortable buying at this level. surely not with only 2 days to go. Then again, I am not an option trader and have a longer term outlook on equities. I just found your original post humorous considering the context of this thread and what has transpired.
Ya, $3? I didn't have the heart to tell the guy that the reason that the atm call was so cheap (prem-terms) was due to the impending pay-date.
Hi Tonkadad, In this particular case (turning 10K into 100K in 6 months), what you are saying is not true. Taking big risks in this scenario simply means that the trader needs to risk an ever-increasing capital to control more and more contracts in order to achieve his goal. Of course you can ONLY do that with an already WINNING position. And where on earth did I ever say that we need to forget about stops and simple gamble with our starting capital, Las Vegas style??