Replies to post #68194 on Options Wonderland

[3xBuBu]

Let's see whether FFIV can hold on this 111.7 level,
PPS @112.2
Aug 120C @4.15
Aug 105P @4.30

[loanwolf]

I would have closed that trade out, no reason for any more risk.

Maybe play is on the put side now ????

AAPL historically has not moved more than 5% to my recollection from close prior to er to close after the next day.

I don't think there is a profitable strangle or straddle

Maybe this:

B JUL 360p -6.00
S JUL 355p +4.15
net debit = -1.85 (also maximum risk)

needs anything below $358.15 to be profitable
Maximum profit 5.00-1.85 = +3.15 or 170% if it trades $355.00 or lower

<edit> puts are already cheaper and will do so as AAPL rises, hmmmmmmmm

Thats looking for about a 3.5% downside move break-even

Still wondering waht all the volume and OI i the 345 and 350 puts was about Friday as well

That bullish call was a nice play by them but they need to broadcast that live not after the day is over