Darren Krett
Wednesday 31 January 2024
Apple earnings option plays
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Darren Krett
Tuesday 27 February 2024
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As per usual I will remind you all that I am not here to bullshit you with promises about how you're going to be rich in a day. The point of this is a bit of "pay it forward" and help you make money!
Salesforce numbers are out tomorrow so is there anything worth doing??
are we breaking out or is this the top of the channel? I am torn between this looking like it could break out to the upside or that we are at the top of the channel.
I am going to run 2 different scenarios and leave that choice down to you.
Implied vols
You can see by the straddle page that our expected move for the number is close to $18 whilst you look further out we only have an $8 move per day priced in.
upside targets
So although it is an "earnings" play I go further out, avoiding short term spikes and seeing of the earnings will set the trend over the next couple of months, so I am looking 112 days out from now to see what can be done.
BB1 list
There are a couple of good upside trades here with a good "trade score" ( our version of a risk/reward number)
I would go with BB1's first choice and going with the JUNE (EXPIRATION)
Yes, I like trading flies, they are a closed off risk and you know what you can make/lose. Now lets look at the HEAT MAP
You can get in and make money quickly if youre right in direction and totally clean up as time progresses and if wrong you can get out for not too bad a loss too.
So these are the details for the upside play
Now for the downside.
I am only going 49 days out for this one, as I believe that if it does reject the breakout we will head to the bottom of the channel a bit quicker.
BB1's downside list Now BB1 is wanting me to buy 1x2 put spreads...it looks at what it perceives as risk, but for you guys I would avoid shorting put premium unless you actually have the view that if it gets down there I WANT to own it. So I am going for the
It is 5th on the list and I could do the fly that it picked instead, but it just monetizes a little quicker
Here is the put fly heat map by comparison
There you have it
....and as I say.. ALWAYS RATHER BE LUCKY THAN GOOD
Darren Krett
Wednesday 31 January 2024
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Darren Krett
Tuesday 23 January 2024
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