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AAPL Rocks On Fridays Option Expiration

|Includes: Apple Inc. (AAPL)

I love trading AAPL options on Fridays. The rest of the week it is a little to pricey for me but at the end of the day they have got to come on home to roost. And when this happens we will find our entry and enjoy the ride. So lets look at the Bull & Bear cases for Fridays AAPL trade .

Bull Case For AAPL

  • AAPL last trade @ 456.75
  • AAPL Aug 02 460 call last trade @ .77
  • 460 + .77 = 460.77 Break Even
  • 1% move in AAPL = 461.50 ~ .77 to 1.50 = 94% Gain
  • 2% move in AAPL = 465.88 ~ .77 to 5.88 = 663% Gain

Bear Case For AAPL

  • AAPL Aug 02 455 put last trade @ 1.39
  • 455 - 1.39 = 453.61 Break Even
  • 1% move in AAPL = 452.20 ~ 1.39 to 2.80 = 101% Gain
  • 2% move in AAPL = 447.60 ~ 1.39 to 7.40 = 432% Gain

Disclosure: I am long AAPL.

Additional disclosure: I am long the 460 call