It depends on how much volatility drops tomorrow. Volatility always drops after earning report. How much and how fast does it drop depends on what is in the earning report so it is impossible to tell at this moment. You can play around an online volatility calculator to see the range of possible values. You can find a free one at this site: ivolatilitydotcom slash calc slash.
Dude, buying way out-of-money call is a form of gambling. If you really want to trade options, make sure you understand what time decay, implied volatility, Delta, Gamma, Theta, and Vega mean and how they affect option price.
I have been trading options for over 10 years. I know it is difficult to tell you not to do it. So my advise to you is please make sure you do at least six months of paper trades before putting any real money to work. Options are a lot more complicated than stocks and please don't use it as a means to gamble. You can lose them all easily.
Open interest is updated only once a day after the market closed. I am afraid that there is no realtime info available.
You mean both the DOW and the S&P500 at near all time highs are apocalyptic?
Dude, the buy point of your cup-and-handle pattern is 575 which means you only buy when it breaks out of it and not before. Cup-and-handle pattern is powerful but it doesn't predict price within a timeframe. Also, your chart is a weekly chart showing a 14 month pattern. You can't use it to make a one week trade.
Please be very careful here. If you trade this pattern, don't buy until it breaks out of 575.
The ticker symbol of Apple's volatility index is VXAPL. It is tradable and you can find its value just like a stock symbol.
Good luck to you. But please make sure you have a comprehensive risk management plan in place before making the trade. I have been trading since 1987 and I have learned over the years that minimizing losses is far more important than maximizing profits. No matter how much confidence you have in your trades, things can go wrong when they are least expected.
Very good observation. It should be a high probability trade to go long here. But I am not sure about the timing. Buying short term calls will be too risky in my book.
BTW, if it did reach 580 it would have broken the buy point of the cup-and-handle pattern you discussed in the other post. It would be very bullish.
It is possible. If you are trading this pattern you should buy when it breaks out of the 575 buy point and not sooner.
Today, AAPL closed at 536.52, just above the Oct 29 high of 536.12. Although it broke the 50 day SMA, but I think the 536.12 support is strong and very likely the bottom of the trading range before earning. If you are waiting to get in, I think this is a good price. What happens after earning of course is entirely depending on the earning number and it is anyone's guess.
However, if it breaks down the 536.12 support, the next support is around $511.
IBM and Apple have very different business models. They aren't good fit at all. In fact, IBM sold its PC division to Lenovo in China because PC business no longer fit IBM's business model. If you know there is something going on, I am all ears.
Most of the CHL users are on prepaid plans. I don't know how well prepaid plans work for iPhone. CHL hasn't shown their iPhone price plans. Without that, it is impossible to even guess how well or poor iPhone will sell.
You don't make money trading insults. No wonder you guys are so uptight. Relax, it is holiday season, tone it down a bit, show some respects, ok?
I meant to say "It needs to close above today's high tomorrow for the breakout to be confirmed." I missed the word "tomorrow". Sorry about that.