Apple CFO Oppenheimer said on the earning call that at least another 11 million will be bought back next quarter.
Just put them on ignore, not much else you can do about it, but please make sure you don't become part of them.
You are right. What I posted was in response to the question from the original poster. It was designed to hedge for earning disaster. It was not for long term hedge.
If you want a perfect hedge, you need to buy short term puts to achieve a delta neutral position. Your 2014 $370 calls has a delta of 0.81. To get a delta neutral hedge, you need to buy enough puts to come close to -0.81 delta. For example, Aug 17th $415 put has a delta of -0.40. You can buy 2 puts for every LEAPS call you own. Another example will be Aug 2nd $420 put with a -0.41 delta.
Another way to hedge is by shorting the actual shares. Stock has a delta of 1.0. So for every LEAPS call you own, you can short 80 shares of AAPL at the market price to achieve delta neutral.
But please beware that the behaviors of hedging with different puts and short will be very different if there is no earnings disaster. You will need to draw some option charts to see the details.
GOOG hasn't had a gap down like this for a long time. Last time it did, it went all the way down to the 50 week moving average in about a month after the initial drop. 50 week moving average right now is around $770. GOOG is a good short on any bounce right now.
Really? Do you know that Amazon is the biggest cloud computing provider in the world? Its cloud computing business has almost a million users. It is particularly popular in startup businesses.
To many people here, anyone who isn't pumping AAPL to the sky is a basher by default. "Neutral" isn't a word in their vocabulary and "don't buy and wait" means sell.
First, I didn't tell you to sell at 390. I don't know why you make that up. Second, if you don't like my post please put me on ignore and you will never see my post again.
Dude, do you know what will happen to the stock price if the growth rate drops from 72% down to 15%? Ans: it will drop more than the drop of growth rate.