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I'd be careful investing right before earnings, it can be very volatile so do it at your own risk. That said, I am long Apple since $440 so I am in no matter what.
I did not have time to post my positions. I had the Nov. 16 $500 call and the Jan. 2015 $550 call. I sold both and purchased the Nov. 22 $540 call and sold the weekly $540 call. And bought the Jan. $530 call and sold the weekly $565 call. And shorted shares at $530 and covered the short at $510.
Profit on the short was $500, the $565 and $540 weekly calls may (or may not) expire worthless. That leaves me with the Nov. 22 $540 and the Jan. $530 calls at a net cost of about $2700 if the 540 and 565 expire worthless. That gives me 4 weeks and 12 weeks respectively to carefully sell weekly calls to recover the $2700 - the short profit of $500 = $2200 exposure. Went into the earnings exposed by about 4 times that much.
Their watch sure is accurate. They announce almost always exactly at 4:30 which is good for planning what you might desire to do since you know the precise time they will report.
And the news was good to me as an Apple investor and the stock spiked into the 540's and all the way back to under 505 when I was able to cover at 510.
was in $470 along with Carl Icahn. The guy doesn't become a billionaire by losing money. He is for reputation more than the money at this point, so it's no brainer to follow him.
Apple falling after beating estimates is kind of retarded. Of course, I am long and therefore biased, but still.
It's called buy the rumor and sell the news.
It is being sold down on rather good news.
It's up about 10% this month.
So flat to down is good and predictable.
was in $470 along with Carl Icahn. The guy doesn't become a billionaire by losing money. He is for reputation more than the money at this point, so it's no brainer to follow him.
Careful with that thinking. Guy is a billionaire so obviously he knows what he's doing, but he's investing in a lot of different things simultaneously, making money on some and losing on others. Unless you copy his entire portfolio, you'll still be risking your money just like anybody else by following him on a single investment.
It's called buy the rumor and sell the news.
It is being sold down on rather good news.
It's up about 10% this month.
So flat to down is good and predictable.
Yeah yeah, but look at Amazon and see what happened there, so much for selling the news. You just cannot predict these things.
Yeah yeah, but look at Amazon and see what happened there, so much for selling the news. You just cannot predict these things.
I shorted Amazon before earnings at 331 and covered at 361 and made $$ due to options.
AMZN has no earnings at all, rather per another member, they are investing all of their profits to get more revenues.
Icahn can move a stock by just saying he bought some. He can not lose on any of his purchases because of his record. Name the last stock Carl lost on?
He could jump into JCP and make it go up.
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