Tuesday, October 20, 2015

AAPL Update #37

Oct 21

Analysis

AAPL rallied strongly yesterday, up 2.05pts (close - open).

AAPL is going into earnings next week and expectations are rising for a bullish run.

I am going to roll out the current option strike to the 116 or 117. Its possible AAPL will make a run next week on the release of earnings.

I am going to widen out the collar as much as possible in anticipation of this.

Trade

+7c Oct 23' 113 Call @ 1.50
-7c Oct 30' 116 Call @ 2.12
Net Credit: 0.62/c

I will complete the put buy later in the week or just before earnings.

+7c Oct 30' 104 Put @ 0.51

-End