AAPL Earnings Play

AAPL [Chart]
MMM @ +/- 14.15
Currently trading @ 330
MMM Range: 316 – 344
Entered 2 positions:

  1. Weekly Butterfly – ITM between 315.43 and 324.56 (max return – 1000% @ 320)
  2. Short PUT Vert – ITM above 332.85 (max return – 43%)
Update: Added 2nd weekly butterfly to cover the range 325.83 – 334.20 for extra insurance after the overnight gap up (area between double-dashed red lines is uncovered).

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Friday Trades

IN
AAPL – MAR-11 355 CALLS @ 4.98 (average)

Intraday
AAPL (1/4): +0.30 (scalp)
/GC: +6.30
/ES: -0.50