I own 25K worth of Apr 700 calls that I picked up for 8 bux. I am anticipating AAPL will be at 700 around earnings.
Here's my other ballsy play. I am guessing AAPL will move plus 50 or minus 50 in either direction after earnings report, so I plan to purchase the first week of February options per the following. I plan to purchase 10K worth of $40 otm calls and 10K worth of $40 otm puts. I'm assuming either play yields 1,000%.
Are you familiar with Nansen Investments ? I have mentioned it a few times. You may want to read up on him...this guy is in touch with everything Aapl. With the Big Boys being Long now, both on the stock as well as the Options, we are headed North. We could see something huge soon.
It is this time of year the PE expands, and I would not want to be Short in front of that Freight Train. I think you'll be ok...just give Nansen a read, and you will see my point.