AAPL Earnings Play – Nov 02 Return: 42%
Trades |
---|
SELL 1 AAPL Nov2 205 PUT |
BUY 1 AAPL Nov2 207.5 PUT |
SELL 1 AAPL Nov2 230 CALL |
BUY 1 AAPL Nov 232.5 CALL |
Date | Entry Price | Exit Price |
---|---|---|
Nov 1st | -0.33 | |
Nov 2nd | 0.72 |
TOTAL PROFIT |
---|
1.05 |
RETURN ON RISK |
---|
42% |
TRADE DURATION |
---|
1 DAY |
COMMENTS |
---|
The main thesis for this trade was to take advantage of the high implied volatility before earnings (expensive options) and also to play bearish action after the report, so we used a short binary risk reversal to take advantage of that. |
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