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Post# of 366123
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madmax777

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madmax777

Re: None

Friday, 08/03/2012 1:19:49 PM

Friday, August 03, 2012 1:19:49 PM

Post# of 366123
Anyone have an opinion on LEAP? Earnings Mon AMC. Starting selling Iphone June 22nd, spiked hard after announcement but has since lost all gains and then some. We'll be basically betting on sales of Iphones vs. the $9 mil contract with Apple over 3 years. Subscribers pay double for the phone but pay about $10 less a month and no contract. Heavy option volume on call side for weeklies, but I'm leaning more towards puts. Sales numbers will have to be astronomical to move it north IMO. Anyone?
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