AAPL Option Killer As Expected…
After hours today AAPL reported … as as expected will not provide many option players with any profit. You can view the release HERE. 
After a full after hours session AAPL closed with less than $1.00 of movement from the close. We’ll see how it trades tomorrow, it’s possible the market has a different view in the morning and the premarket session will reflect that. As it stands now, it’s up to BIDU to bring a little life back to the market and help GOOG carry it higher. In BIDU + AAPL = Direction Market Will Go I stated I felt the best trade here is to simply take advantage of the volatility before and after earnings. BIDU I’m sure will provide numerous $3 to $6 dollar swings in both directions tomorrow but as far as buying, shorting or playing options… flip a dice.
April 25th, 2008 at 12:14 am
[…] surged on ads, you can read the report HERE. It’s trading up just over 2% higher after hours. Option players: too bad for you (sidelines was the better play!) Maybe tomorrow brings the $25 to 50 dollar swing […]