Wednesday, April 14, 2010

Apple Earnings Calendar Update

Closed out the trade last week for a 9.8% profit. Apple has been
heading north immediately after I started the trade and had to add a
240 calendar. It still seems to have energy to move higher so I exited
it on Thurs. One thing I noticed about this expiration cycle was that
it has been more volatile than past cycles. The ipad release helped
push the stock higher.

3/22 BTO 5 AAPL Apr/May 230 call @ $5.12
4/1 BTO 5 AAPL Apr/May 240 call @ $5.95
4/8 STC 5 AAPL Apr/May 230/240 call @ $12.15

Saturday, March 27, 2010

Apple Earnings Calendar

Placed an Apple earnings calendar this week. Stock price was around ~226 earlier this week and got a feeling that the stock might continue on its bullish run so I picked a 230 strike. I want to get ~15% before exiting. That should happen sometime next week.

BTO 5 AAPL Apr/May 230 call $5.12

Tuesday, January 05, 2010

Apple Earnings Double Calendar Exit

Apple has been slowly moving higher during the course of the trade. IV
has moved up 3 points since the start of the trade. (Slightly less
than expected) The strong open was a sign for me to get out this
morning. Don't want to be standing in front of a pregnant elephant.
Got filled yesterday at $10.35 for a $93 profit or 9.9% profit.