AAPL: How high will it go?

[Shadetree930]

Yep. That bet paid off.

I think I deserve a good cigar and scotch tonight.

[trader220]

Originally Posted by Shadetree930

Yep. That bet paid off.

I think I deserve a good cigar and scotch tonight.

When did you go long? Did you post it somewhere on this forum?

[biosurfer1]

I bought on May 27 of last year, just before the split. Thought for sure I was going to get in at the peak and ride it down....up 48.6% since then. Now where is my Delorean so I can go back and put everything into options

[techweenie]

Analysts predictions I read today run from $142 to $180/share...

[trader220]

Watch the straddle implode on the opening

[biosurfer1]

Just love the stock market:

AAPL has 2nd best quarter ever and how does the market celebrate? Drops 1% :/

[techweenie]

Originally Posted by biosurfer1

Just love the stock market:

AAPL has 2nd best quarter ever and how does the market celebrate? Drops 1% :/

Oldest market cliche ever: "buy on the rumor, sell on the news."

[JeremyD]

I'm happy with my 945% gain

[techweenie]

Apple Watch integration into vehicles is starting with Porsche & BMW...

https://youtu.be/T1S_huYs-lU

[trader220]

The May 131 straddle offered at 7 and a quacker... That big sucking sound is the vols being bled out of the options

[Gogar]

Today I was glad my apple calls are really deep ITM and with plenty of time to wait.

[coldstart]

Apple is able to start buying back its shares on Friday after the 48 hour window.

It should be interesting to see if the stock rebounds after dropping 4% after fantastic earnings. I suspect that it is the May 1st calls holding back the stock as Wall Street wants to limit its payout on the calls.

I plan on re-entering the stock tomorrow or Friday.

Any other insight to the drop post-earnings? Anything I should be aware of before I buy some Apple stock in the $128-$130 range?

[enzo1]

Apple warns of large tax bill if EU finds against it

[techweenie]

A 'material amount' for Apple would have to be north of a billion, I think.

[enzo1]

also.... Apple Watch delays may be due to faulty taptic engine - CNET

[trader220]

Originally Posted by coldstart

Apple is able to start buying back its shares on Friday after the 48 hour window.

It should be interesting to see if the stock rebounds after dropping 4% after fantastic earnings. I suspect that it is the May 1st calls holding back the stock as Wall Street wants to limit its payout on the calls.

I plan on re-entering the stock tomorrow or Friday.

Any other insight to the drop post-earnings? Anything I should be aware of before I buy some Apple stock in the $128-$130 range?

Just out of curiosity how is it that you think “Wall Street” manipulates a stock like AAPL ?

AAPL trades on somewhere in the area of 20 different platforms obviously most notable the NASDAQ. On the NASDAQ alone there are north of 100 firms who make markets in AAPL. There are also hundreds of other firms who are liquidity providers and obviously thousands of firms who trade it on an institutional basis. On the options side: The May 1st expiration is a “weekly” so the OI in them is tiny compared to the standard expiration. There are also dozens of firms who make markets in the options and hundreds more who are liquidity providers in the options. They all take both sides of the market.

So how do those thousands of liquidity providers, all with different interests work in concert to manipulate a stock like AAPL which trades somewhere in the area of 50 million shares a day? Why would they when the open interest in the near the money “weekly” options don’t have huge OI?


By the way. At the close before earnings the stock was roughly 131. Over the last couple days you could have covered any call you sold for pennys on the dollar even before the stock sold off. Implied volatility collapsed (as it should) after earnings. So, if you were a "Wall Strret" firm and you were short a boat load of those calls you could have easily covered for a nice win and not traded a single share of stock. Of course the firms who were short those calls I will guarantee you were also long stock or other calls as a hedge. No one, well let me rephrase that, no one who lasts very long, shorts naked options into earnings.

[coldstart]

Originally Posted by trader220

Just out of curiosity how is it that you think “Wall Street” manipulates a stock like AAPL ?

AAPL trades on somewhere in the area of 20 different platforms obviously most notable the NASDAQ. On the NASDAQ alone there are north of 100 firms who make markets in AAPL. There are also hundreds of other firms who are liquidity providers and obviously thousands of firms who trade it on an institutional basis. On the options side: The May 1st expiration is a “weekly” so the OI in them is tiny compared to the standard expiration. There are also dozens of firms who make markets in the options and hundreds more who are liquidity providers in the options. They all take both sides of the market.

So how do those thousands of liquidity providers, all with different interests work in concert to manipulate a stock like AAPL which trades somewhere in the area of 50 million shares a day? Why would they when the open interest in the near the money “weekly” options don’t have huge OI?


By the way. At the close before earnings the stock was roughly 131. Over the last couple days you could have covered any call you sold for pennys on the dollar even before the stock sold off. Implied volatility collapsed (as it should) after earnings. So, if you were a "Wall Strret" firm and you were short a boat load of those calls you could have easily covered for a nice win and not traded a single share of stock. Of course the firms who were short those calls I will guarantee you were also long stock or other calls as a hedge. No one, well let me rephrase that, no one who lasts very long, shorts naked options into earnings.

Example and sign of manipulation:

The Wall Street Journal comes out with two articles today about Apple.

The first article is that Apple may owe back taxes to the EU due to their tax agreement with Ireland. WSJ states that Apple disclosed this in their earnings filing. What WSJ did not state is that the same disclosure was made in October 2014 with Apple's previous filing. The information is irrelevant and 6 months old.

The second article is that Apple had a defective supplier of tactic engines in their watches and had to solely rely on a second supplier. Beyond the headline is that none of the defect watches were sold. Again, this information was known a few months ago and is irrelevant.



I do agree that there are a lot of firms that buy and sell Nasdaq stocks. That does not mean that the stock cannot be manipulated by a few firms working together. The main firms know the stock algorithims that cause other firms to buy or sell stocks and manipulate those othe firms to their advantage to cause the sotck price to rise or fall as desired.

[trader220]

The implication that the WSJ is working in conjunction with firms to keep a lid on the stock so a tiny number of weekly call options can go out worthless is laughable. Where is the payoff for the WSJ. The OI in those options is very small.

Yea it does mean that a small number of firms working together CANT manipulate a stock like AAPL since its too deep, trades on so many platforms and does massive volume per day.

If you were a principle for one of those "other" firms who by your assertion are being taken advantage of by a few larger firms why in the world would you trade in that market place? There are enough platforms to trade a stock like AAPL and enough liquidity that its a pretty clean market.

I am not saying that as a blanket statement. There are issues that don't trade much in volume and are not listed all over the place and have few firms which are liquidity providers. Those issues have a higher probability of having a firm or firms try and manipulate them. In this day and age even thats not all to easy.

There is not enough OI In the weekly AAPL options for anyone to bother nor would they have much effect on the stock price, given the size and depth of the market in the stock.

[techweenie]

So, what is the takeaway from the earnings report?

[biosurfer1]

Apple has more money laying around than they know what to do with, apparently.

$202 billion?