double?, you need the call to start moving positively before thinking double
You need it to move ...
Say you want the call to close at $3.50 on Feb 16th
$600+$3.50 = $603.50
$603.50 - $504.77 = $100 roughly
18 days of trading
$100/18 = $5.55 per day (every day being green)
The call closed today at 1.60ish. The math below is very close, so an AAPL rise of $7.15 (5.55 + 1.60) tomorrow should push the call to $3.20. We may be there at the open, but I think if AAPL gets to 550ish before the close, I estimate the call would be somewhere around $15-20 at that point.
I am in Feb 600’s averaged at $6, sure would be nice to be in at $1.60 ;)
$550 tomorrow would bring that call up to maybe around $5.80 minus tomorrows decay
the $555 strike closed at $5.50, the $555 strike is $50 more than the current price
so if we hit $550 tomorrow, the $600 strike will be $50 more than the current price
but you have to factor in the decay.