AAPL & AMZN earnings trade, Oct/25/2012

Trade update (Oct/26/2012):
Perfect trades. All winners here!
Trade-1: Expired worthless for  100% of credit profit
Trade-2: Closed for $4 for  100% profit
Trade-3: Expired worthless for  100% of credit profit
________________________________________________________

Iron condors work great with high volatility scenarios like we are seeing now in AAPL and AMZN and the overall markets. In AMZN I did another trade where I eat premium from the weekly and get long the Nov calls. Here are some trades we took today.

AMZN Trade-1 (CREDIT): 
Buy 1X $260 Weekly call 
Sell 1X $255 Weekly call
Sell 1X $200 Weekly put
Buy 1X $195 Weekly put
(Got a credit of $1.05)

AMZN Trade-2 (DEBIT): 
Sell 1X $245 Weekly call
Buy 1X $245 Nov Monthly call 
(Paid $2) 

AAPL Trade-1 (CREDIT): 
Buy 1X $660 Weekly call 
Sell 1X $655 Weekly call
Sell 1X $570 Weekly put
Buy 1X $565 Weekly put
(Got a credit of $1.2) 

*Please do your own research before buying any stock listed here. Disclaimer.
>> Subscribe to our posts.