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