Monday, January 25, 2010

AAPL on Wednesday

Their Wednesday announcement could be anything from a letdown, to just what the leaks have described, to a game-changer a la the iPhone. If vol isn't down on Tuesday from earnings that produces a profit on the condor, I'm thinking about just keeping it until after the announcement. Here is my thinking. If it moves big I'll just cash out the side of the condor in which the move occurred, and then have a very cheap play on for the next four week in the other direction should price revert after news is digested. It's only one friggin contract so probably thinking way to much.

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