CLOSING the $AAPL Options Action trade - mike

20 july - big move in AAPL so trade likely was a win at some point . but to be consistent at time of this writing this call is at $7.50.. so its a loss..dont like it? then maybe Options Action / mike khouw should be transparent instead of having surfing goats on air

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17july - this would be one of those trades that optionsaction should have revisited, ie "constant trade updates" .. has gone from 50% paper loss to a possible double in last 3weeks..so what has mike done since earnings will not be this month per his thesis..sold for profit, solf for loss, spread it out? only the shadow knows.

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27 jun - not looking too good right now, your at a 50% paper loss if you followed mike into this trade.. earnings date still shows 24july unconfirmed when i checked briefing . com last. so this option will not capture that unless it changes

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14jun - mike has a trade on AAPL on tonights show, here is the video, video .

Buy the July 600 call for $8.75

so listening to the video mike mentions that this option will capture earnings..maybe.. last time i checked the earnings date for apple was before opex BUT still "unconfirmed" according to briefing.com .. he mentions what i will suggest as alternative trade..he mentions he ususually does farther dated calls and sells shorter dated..ie calenders.. $875 per contract is pretty steep. so if you are going to be buying that call to hold thru earnings, if it is before opex, then i would sell the weekly 600 calls against them, doing that every week.. next weeks 600 traded up to about $1.50 today... do this every week up until earnings week and you can chop the cost of that July 600 call by 25-50%. this call will likely make money as AAPL whips around until them if you are looking to scalp a few hundred here and there.. not my still.. i am actually short those july 600calls with some leaps. just a note: if you are using trademonster to determine your earnings dates, they are notoriously incorrect so use a different source. here are all of mikes on-air trades in a google docs spreadsheet


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