Data on recent option trades going into april earnings
My two recent option plays:
Symbol: .QQQEX
Description: QQQQ MAY 50 Call
Stock: QQQQ at 44.13
Action: Bought To Open
Quantity: 30 contract(s)
Price: $0.14
Commission: $45.00
Reg Fees: $0.00
Net Amt: $465.00
bought qqqq’s because I think heavily nasdaq tech stocks are ready for a run into april earnings.
also on the weekly chart the stock rsi is about to cross over and stock looks to move up big
Symbol: .APVEI
Description: AAPL MAY 145 Call
Stock: AAPL at 143.22
Action: Bought To Open
Quantity: 3 contract(s)
Price: $9.95
Commission: $14.95
Reg Fees: $0.00
Net Amt: $2,999.95
bought aapl calls going into late april earnings call + big news on new iPhone which will be annouced in June 08. will likely sell calls before earnings then rebuy calls after earnings going into the new iPhone annoucement. also charts in my opinion show a real U shaped bottom reversal moving up on daily charts, weekly stock rsi has already crossed going up. 2 white soldiers on weekly breaking downtrend.
This entry was posted on March 31, 2008 by Paul. It was filed under aapl, Apple, april earnings, call options, news, QQQQ, tech stocks, technical charts, where is the market going? and was tagged with Apple, april earnings, call options, may, new iphone, news, QQQQ, tech stocks, where is the market going?.
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Both are down a little so far. If I was you, if I saw any profit in the AAPL position I would immediately sell 2 of the calls and hold the final one. It has good chances, but you need $155 to break even. I think there is little chance of the QQQQ one working out.
March 31, 2008 at 10:11 pm