** UPDATE: AAPL - Earnings Results Winner

Discussion in 'Options' started by livevol_ophir, Jul 21, 2010.

  1. livevol_ophir

    livevol_ophir ET Sponsor

    ** UPDATE

    Original Post: <b><a href="http://livevol.blogspot.com/2010/07/aapl.html">Apple (AAPL) - Earnings Strategy Scalps Vol and Delta Patterns 8 Straight Quarters</a></b>

    AAPL is trading $259.61 after earnings yesterday.
    <img src ="http://3.bp.blogspot.com/_hMry1m7UF10/TEb8Akugj0I/AAAAAAAADqA/RX50FWE-kOs/s1600/aapl_summary_update.gif">

    The Options Tab snap is included (click to enlarge).

    <imc src ="http://3.bp.blogspot.com/_hMry1m7UF10/TEb8A15PWsI/AAAAAAAADqI/eIRDMKa3ciE/s1600/aapl_options_update.gif">

    We can see the Aug 260 straddle has fair value of $19.80. Closing out the one day straddle sale, the stats are included (updated); click to enlarge.

    <img src="http://3.bp.blogspot.com/_hMry1m7UF10/TEb8BKj26uI/AAAAAAAADqQ/AFFdf8CSmiY/s1600/aapl_ed_stats_update.gif">

    A 20% one day return, right on the average. Since being naked short an AAPL straddle is pretty risky, let's close this one out right now. The trade wins to a 15.6% dip in vol and a nice $7.72 move up in stock price.

    This is trade analysis, not a recommendation.

    Details, trades, prices, vols, skews, charts here:
  2. i sold weekly... 280 strike calls for 45 cents... will expire worthless..

    i like aapl... now that it has weeklies.
  3. livevol_ophir

    livevol_ophir ET Sponsor

  4. tututu


    man u r one of heck risk taker

    u sold ISRG call and AAPL call too...