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.
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)