tag:blogger.com,1999:blog-1520302325239963360.post7153627044469912636..comments2024-01-23T14:04:29.555-08:00Comments on Risk Laboratory: Ophir Gottlieb: ** UPDATE: AAPL - Earnings Results WinnerOphir Gottliebhttp://www.blogger.com/profile/14504557662647338626noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1520302325239963360.post-41046757287005564982010-07-21T08:42:34.037-07:002010-07-21T08:42:34.037-07:00Yeah; the trick was to take the stock move too. T...Yeah; the trick was to take the stock move too. This one we had to wait near the end of the day to figure where it was going to close.Ophir Gottliebhttp://www.blogger.com/profile/02699643319377083669noreply@blogger.comtag:blogger.com,1999:blog-1520302325239963360.post-38778922648178751582010-07-21T08:38:31.072-07:002010-07-21T08:38:31.072-07:00I did it with the JUL/AUG 250 straddles. July 20 e...I did it with the JUL/AUG 250 straddles. July 20 early morning cost was 9.4. The bid now is 12.40. Must keep a very close eye on monitor as the JUL option LTD is this Friday 7/23....<br><br>A friday APPL close of 250 would be nice<br><br>ChadAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-1520302325239963360.post-11225108572487217542010-07-21T07:51:01.188-07:002010-07-21T07:51:01.188-07:00Great call. Thanks... straddle was too risky for m...Great call. Thanks... straddle was too risky for me, so I did a Aug/Sep Cal (Straddle/strangle swap at +230/-250/-250/+260 + wkly "unit insurance"), it's returned about 5% overnight (I did it in my IRA; my portfolio mgn acct would have returned 15%).<br><br>When I opened this position, I had in mind riding to expiration because the PL looks very good overall... and if AAPL popped, the calendar could easily be turned into a "high probability" double diagonal by selling a calendar at 270. However, I was shocked that the calendar was so profitable "off the bat" (I expected more of a "volatility collapse" in my Sep options).<br><br>Given that I also like to play "expiration volatility collapse" as per Jeff Augen's book, AND AAPL has WEEKLY options, I closed to keep my "accounting" (positions) simple.<br><br>Thanks again.MILES HOFFMAN, CFAnoreply@blogger.com