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Tuesday, November 19, 2024

Top Trades for Fri, 13 May 2016 09:44 – AAPL

AAPL/StJ - Speaking of which, very interesting that they put $1Bn into Chinese Uber.  I'd guess it was a back-door bribe ahead of Cook's visit, maybe one of Xi's family members owns it.  There's no way it's not connected because AAPL could have bought Lyft for $1Bn so this is about making a China deal work so I'm now very bullish on AAPL into the China trip. 

Also, maybe all those cancelled chip orders are because they are making a chip deal with China too.  

In the OOP, we have 2 short AAPL July $95 calls, now $1.75 (up $3.25) - let's buy them back.  

In the Butterfly Portfolio we have 5 short Oct $110 calls, now $1 (up $7.70) - let's buy them back

In the Butterfly Portfolio we have 5 long 2018 $100 calls at $9 (down $7) and 5 short 2018 $130 calls at $2.60 (up $6.15) and let's buy those back and buy 10 2018 $85 calls for $15.70 and no short call sales yet.  

.In the LTP we have 10 short 2018 $130 calls and 10 long $100 calls (same as Butterfly) and let's kill those and buy 20 of the 2018 $85 calls for $15.70. 

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