InvestorsHub Logo
Replies to #740 on Snack info board
icon url

Lord DarkHelmet

01/18/11 8:43 PM

#742 RE: Jedi RDHLightHelmet #740

Buy-yah! No doubt. Earnings of $6.43 / share...which blew all the analysts expectations out of the water. After-hours trading hit as high as $347 before settling to $345.

I think my AAPL PUT spread is safe through Friday. I guess it could sell off hard tomorrow, but the afterhours trading suggested quite the opposite. Like I said, I did reduce my contracts once AAPL hit $340 today. Took a small loss on those contracts but will profit nicely with the others. Plus, I was able to build my EBAY position.

Now it is time to focus on EBAY as well. Earnings after the bell tomorrow. Suppose to be good. Doesn't mean the PPS will hold, but I have a 6% cushion right now. I feel pretty safe through Friday.

If AAPL continues to run...I might unload those shares on Thursday and free up the Margin to play BAC that has earnings Friday AM...with earnings comes increased volatility...which gives a better spread.