Apple Credit Spreads: Targeting 500% Return [View article]
The idea is right... I think the stock is wrong. If you compare Apple's PEG ratio of 1.13 with GOOG's PEG ratio of 0.73, you can see why GOOG is more attractively valued right now. The recent selloff was due to the liquidation of all those esteemed firms on wall st and provides a great entry point into the stock. And with earnings coming up next month, this sucker might pop. The play would be to buy $470 calls and sell $500 calls.
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The idea is right... I think the stock is wrong.
Sep 20 10:28 am
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All Comments by andyn »Apple Credit Spreads: Targeting 500% Return [View article]
If you compare Apple's PEG ratio of 1.13 with GOOG's PEG ratio of 0.73, you can see why GOOG is more attractively valued right now.
The recent selloff was due to the liquidation of all those esteemed firms on wall st and provides a great entry point into the stock. And with earnings coming up next month, this sucker might pop.
The play would be to buy $470 calls and sell $500 calls.