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AAPL: 01.28.20 – 01.31.20

Equity | Apple Inc | Status: Closed

Opening Trade

01.28.20
There's absolutely no strategic logic to this trade – it is 100% gambling. It's very rare that I make trades like this but, for some reason, I just feel like taking a small shot today. AAPL is announcing its
tonight, so I bought a JAN 31
to bet against AAPL's meteoric risk over the past several months. It has an extremely low probability of success, but I'm only risking $0.73 over 3 days and have the potential to make $1.77. My max profit point is right around the expected move to the downside.
If this trade is profitable tomorrow morning, I will take my money and run no matter how large or small. If not, I'll probably just leave it until Friday and hope for a miracle. Worst case scenario, I lose $0.73. This trade is super small and just for fun – it is NOT a good investment strategy. All that said, DOWN WITH AAPL - GET 'EM!XX

Risk Profile:

Figure 1

Strategy: Long Jan 31 305/307.5 Put Vertical

sto 1 jan 31 305 put
bto 1 jan 31 307.5 call
Fill Price: $0.73 debit

Position Analysis

U/L Price: $316.71
IV: 70.1%
IVR: 83.7
Liquidity: 4/4
Position: Long Jan 31 305/307.5 Put Vertical
POP: 32%
Cost Basis: $0.73
Risk: Undefined
BPR: $73
Max Profit: $1.77
Max Loss: $0.73
Target P/L: $1.77
Break Even(s): $306.77
Extrinsic Value: -$73
Net Delta: -4.13
Net Theta: -4.736

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