The implied volatility is much higher because of earning.After the earnings it will drop back to normal levels. I have Jan 695 calls that were in the money when I bought but are not deep OTM. Stock is up over $20 but options only up a few dollars. As the stock price gets closer to $695, the premium will go up more.
You need to understand market timing dynamics to make them work but I will not fool with weekly contracts.read the MTI graph and the stock graph that you are considering and it will make a big difference of nailing the trend. MACD helps a lot as well. Buy on signal line plus crossovers.
You bought too far out of money. If you want to consistently make money with options, use indicators to guide your trade and buy longer term deep in money call spreads. I had gone through this with you before. I thought you would have figured it out by now.
You are right. One would think that options is leveraged and you hit win big but that's not the case, especially with weeklies. They are keeping the premium down and time decay is blasting which is why we are not seeing much increase in premiums.
The only way to have higher probability of winning on AAPL is to buy deep ITM calls. Secondly, don't hold calls for too long, unless you are playing leaps.