1. Buy 3 months prior to Apple iPhone announcement 2. Sell day before Apple iPhone announcement 3. LQMT in phone? Yes - after initial surprise, buy back in No - go to step 4 4. How likely is a contract in the next 4-6 months? Very - after initial surprise, buy back in Somewhat - buy back in when downside risk is at a minimum Not likely - go to step 1
Personally, I'm at step 4 in the "somewhat" category. I'm riding gains from steps 1 and 2 and wagering limited downside on a contract in the next 4-6 months.