IF you have 100s and 100s of July and August, and are "such a playa", then you know better than to ask.
You KNOW what to do.Sit and enjoy the run joker. lol joker.....
22 hours to the red carpet--pre-show
29 hours to the real show.
They will test and BREAK $133.60 touching $134.75 (ish),and eventually back off and close regular hours
at $133.40. BUT, AH and after earnings report look at THREE items.All ARE MOVING PARTS;\
1-iPHONE SALES-IF THEY EXCEED (AS i THINK THEY WILL) 63 million units and
2-If earnings exceed $2.38 (as i think they will)
3-If both dividend AND buy back are increased better than 12% over expiring,
then look for an after hours rise to $139 and Tuesday ending over $140.
Just my opinion.
In other words, you are willing to take a risk if the reward potentially is huge, on a percentage basis?
The problem is, everyone and their mom already priced in a large premium for that type of play.
You are too late to that game if you're not in it already.
BUT, you already knew that.
However, that said, do the math. You'll come up with what I could tell you.
It's pretty simple.
Nobody knows what is in Tim Cook's mind, and no matter what they decide and announce on April 27th will satisfy everybody.
Some will say they didn't raise it enough.Others will say they raised it too much.
Some will say it's a growth/technology company deserving of a higher PE multiple. Others will say it turned into a value company, deserving of this new lower PE multiple.
And some will say, as you, it's a new bar they have raised, and Apple deserves a higher PE multiple as well as returning all this cash to it's shareholders.
I merely gave my conservative opinion, and am prepared to be surprised, if it works out that way. I prefer to set my bar that way,especially now that I have no one to convince,as my friends and family are all on board......and only have to wait about 54 hours or so.
In my opinion, it is extremely likely they will increase the dividend on Monday.
The annual dividend at this time is $1.88.
I am more conservative than most on this board, but my guestimate is, they will raise by 16 cents.
The range I've heard is 12 cents to 36 cents. 36 cents would be outrageous and cause a change in how the stock is viewed,as a value stock.
Then the genius Wharton wannabes will opine that Apple won't be able to continue on this pace, or they are only a hardware company, or some other ficticious farce. Meanwhile,I will revel and they will rue the day they shorted. We can joust the jesters and the scamsters from Shinola, but WE will be flaunting our fortunes and THAT ends the anonymous debate right there.
Enjoy your weekend longs.
Ditto but one more important factoid;And this is not to be minimized, every new watch owner, is a I Phone user.And there will be folks switching fromAndroid devices to the I Phone because of the watch.
Have a great weekend!
And if anyone is interested, the October 135 calls at $6 and under should pop nicely on Tuesday.Also you get this AND the next earnings in the time value.
Today is a mix between $130 OPEX folks trying to keepmax pain at under $129.99 and the last but not least entries for the weekend before the fire and burn.
These scragglers may boost it over $130.42 for the close.
It's quite a show.