One of their best quarters as far as revenue goes but they just didn't blow away the streets estimates. And the market took 'em out to the woodshed for an old fashioned ash whoop'n.
I feel the sell off was waaaaaaaaaay over done. The funny thing is the PE ratio. Are you really gonna tell me that the PE of AAPL (9.97) should be lower than MSFT (15.32) or CSCO (13.65)? Now that's just laughable, imo.
So now we look for an entry to make a few coins. But the main problem for us options traders is the high premiums these contracts are currently getting. Gotta be picky if you really want to make bank.
Disclosure: I am holding the $515/$520 CS that expires on 2/1. I bought it about a week before earnings. I'm dead in the water with this position right now.
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