The earnings trade in Apple

I did a pre-earnings trade in $AAPL involving both stock & options. Here it is:

  • I am Long stock at 406.45
  • I am Long the April 26 weekly 405 Put
  • I am Short the April 26 weekly 425 Call

AAPL_tradeAbove are a few of the messages that I posted that were relevant to my trading in $AAPL yesterday and today. The pop in the stock in after hours was short-lived so I exited the long stock position. I managed the remaining option pieces this morning (had become a Bear Risk Reversal).

The significant moves in both directions was not expected and allowed me to work the Bear R/R for additional gain. The long stock hedge in pre-market proved to be pivotal in adding to the gains, very pivotal.

The final exit steps:

AAPL_trade_B

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