Short AAPL $620 I got 'em

Discussion in 'Stocks' started by Uncle_Ho, Mar 28, 2012.

  1. asap

    asap

    probably way wiser than holding long into earnings, given the recent action.
     
    #11     Mar 28, 2012
  2. Sure, but with all the edge out there you pay 800bp -edge on vol in May. A binary event in which vol will do nothing but go down.
     
    #12     Mar 28, 2012
  3. I'm a trader, I trade price not earnings report. I'll take the trade off whenever the fuck I want to unwind. Sometimes I gamble on earnings reports. One time I bought a bunch of GOOG calls before earnings a couple years ago OTM options. 20k turned into about 225k. I gave it back over the following 6mo.

    Do you want me to post every trade ive ever made with every lot ive ever traded? Stop being a bitch, I made the trade who cares if it was for $2,500 or 25k or 250k. I guess size matters huh?
     
    #13     Mar 28, 2012
  4. Unless I'm right, then the payup in vol is worth it loser.
     
    #14     Mar 28, 2012
  5. lol, yeah I would. The entertainment value alone is awesome. My guess is you'll cover before it gets to $605.
     
    #15     Mar 28, 2012
  6. newwurldmn

    newwurldmn

    I don't see vol that wide. I see 400bps.
     
    #16     Mar 28, 2012
  7. Wide? I see a 25-26 vol-figure on the May ATMs a week after earnings.
     
    #17     Mar 28, 2012
  8. newwurldmn

    newwurldmn

    think you might be right...

    professional trader. says he's short half his account. it's a 5k account (unless you live in a village in india... and even then you would have to be a street child).

    doesn't specify upfront that he's shorting through puts...
     
    #18     Mar 28, 2012
  9. newwurldmn

    newwurldmn

    oh. you are talking about the vol reset. thought you were referring to april/may vol spread. haven't modeled it up for post earnings.
     
    #19     Mar 28, 2012
  10. I know what you're referring to, but he's not in the time spread.
     
    #20     Mar 28, 2012