Of course, this is AAPL. However, the split isn't until June 9 so I do expect at least one major pullback before then.
Unlikely, AAPL will not make a major announcement until developer conference in early June.
Options aren't worthless but with a volatile stock like AAPL you need to be extra careful. Start with covered calls and protective puts. Leave plenty of room for error.
VIX is down so option premium is down. All you can do is create a bull call spread and wait longer on your call positions.
You have a slightly in the money Leaps call. The good thing about your position is that it has a lot of time value. A simple trade you could make is trade the $620 2016 call option for a $620 2015 call option. This will allow you to pocket some of the premium, you could pocket more premium if you sold the 2016 call option and then bought a bull call spread at $620 and sold the $625 call in Jan 2015.
Sounds like you are a beginner with options. AAPL is very volatile thus the options are also very volatile. It's not a good place for a beginner to start. You purchased a Jan '16 Leaps, the degree of fluctuation depends on many factors. A big factor is the strike price of the purchased call. A deep in the money call will move with the price of AAPL, an out of the money call will be less expensive but it's movement is less predictable.
My lucky number is 8, so no chance of a red day. Actually, 8 is also the lucky number for Chinese investors, so there's a chance of a big pop tomorrow. Or you can apply common sense, we closed near the high of the day and the volume was substantially greater than normal. Only possible drawback is we never know what tomorrow's overall market will be like.
...who says options are a gamble? The additional 1% was from my call options...trade AAPL options carefully and you will do fine. Most of this was done with bull call spreads, which are relatively inexpensive.
Agreed, Tim Cook knows what he's doing...he knows that compared to other mega-caps, AAPL has fewer institutional investors and more retail investors. So when AAPL splits, existing retail investors will buy more and new retail investors will be lured in. So I've gone long and expect to make a bundle.
Are you ready to admit that I was right, I just didn't think I would be this right or I would have taken out a mortgage and put it all into AAPL.
Wrong...normally the momo-traders and daytraders would be getting out, but your off-base this time. It looks really good for a pop during the last hour.
Maybe longs are sheep. Baaaaaaaaaaahhhhhhhh, guess Sheep Banger is right I'm a Sheeple...lol.