Hi Chaz,
Noted your post that you had ~$20K invested in AAPL calls. From what you said, it appears you are holding QAAJO's.
AAPL announces on Wednesday 10/18. I do not know whether they announce pre, during or after market close. However posters on the thread should be able to provide that info.
If after close, you will have two days for the stock to move.
I am reasonably sure that if AAPL fails to meet, meets, or barely exceeds expectations that the price will fall. I have no idea of how much it would have to exceed in order for the stock to move up significantly. Zach's reports that the concensus is for $0.50.
From reading the concrete contributors to the thread, I *think* that AAPL will exceed, but that is purely MHO, and you would be foolish to base any of your investment decisions on that.
You did not provide any details on your options, either how many you hold or what premium you paid for them. So, although you have ~$20K at risk, we have no idea whether you're currently flying, swimming or underwater.
I suspect that Paul may be correct, that normally the price is fairly closely controlled, and that only at earning's announcements is the stock able to shake the reins. Primarily because that is the only logical rationale I can see for AAPL's descent to the 50 level recently.
Good luck on your decision--I hope you make a mint.
jbn3 |
