Options Wonderland

[loanwolf]

RE: AAPL Bullish play ...........

Right now I believe this can be closed out for net profit 2.70

S 370c +17.20 (to close)
B 390c -9.40 (to close)
B 330p -4.60 (to close)
= 17.20-14.00 = +3.20 - .50 (initial cost) = +2.70

CNBC would have had to have entered this trade Friday around noon, today as of now that trade would cost 3.45 but AAPL was trading at about $361 around noon on Friday now in $369 area,

These numbers are fluctuating as I type, but not bad

Fridays action had high volume in JUL weekly 345 and 350 puts and high open interest (roughly 29k and 30k OI).
Volume was higher around 12:50 mark. Looked to me like Bear Put Spread but that is not working out thus far, cost could have been around 1.15 also total risk, max profit =5.00-1.15 = +3.85
I think there were better prices later in day, posted this on Langy's board

B 350p 4.30
S 345p 3.15
net debit 1.15
that position can be closed now for value of .93 minus 1.15 = net loss -.22 or hold it thru earnings and hope AAPL drops below 350.00-1.15 or 348.85

Just stopping in, I think the above numbers are correct, will see how this plays out for both plays.

Have a good day!