I was able to buy back most of my NFLX options however I couldn't avoid paying a commission on the buy backs because the price to buy back was never .05 or under. Oh well, I sold the call spreads for between $.95 and 1.40 and bought them all back for .03. I took my gains and did the following on AAPL just before the close:
8 contracts 395/390 Put Credit Spread at an average price of .67
3 contracts 425/430 Call Debit Spread at 2.05
3 contracts 415/410 Put Debit Spread at 2.05
Apple reported earnings this afternoon and beat EPS, Revenue and margin estimates. They also blew away the iphone estimates of 27M phones and they sold 31.2M phones last quarter.
The stock is up to 436.50 in after hours trading. As long as it stays above 430 I'll be looking at some nice gains of about $700-750 and should be able to bank most of it tomorrow.
I haven't made any specific goals for the week but if I can be right on two more plays I should be able to double my money this week. However, I'm still not out of the woods with Apple. I'll need to get through tomorrow first.
Jonny
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