Seeking Alpha
  • apspice
    Bought a few AAPL-lite (QQQ) calls instead of paying the ridiculous IV cost for AAPL calls before close. BIDU going as well tonite, will see
    4/24/12
    Reply (6)
    • evannever: I was thinking the same thing: IV is out of control: 04/27/2012 600.00 Call is around 3.25 at close and it's 6 strikes OTM. Got one anyway
      4/24/12
    • apspice: lol. i hear ya bud. ATM calls were around 1900 before close. F that. BIDU not helping my cause here so far...
      4/24/12
    • apspice: congrats on the lotto tix lol. 605 AH
      4/24/12
    • evannever: Haha, thanks, it was a cheap play, but I couldn't resist!
      4/24/12
    • apspice: this is the first i have sat out in a while. just wasn't sure with that call IV so high but hey scared $ dont make $
      4/24/12
    • jimhsu: Selling put spreads (555/550) was a good way to capture earnings without paying for the IV. Position worked out nicely.
      4/24/12