A Couple of Longs

Obviously, there is much at stake for Apple (AAPL) today.

Well, at least if you are worried about where the stock price will be tomorrow since the earnings report today is unlikely to radically change the path of the company or its products. I have to say I'm not sure I am going to have any sort of position into AAPL for the earnings today. The diagonal spreads worked just fine for Netflix (NFLX), although given what the stock did, I'd have to say the return is somewhat disappointing in comparison. I'm just not sure I'm seeing AAPL well here.  On the surface, everyone I talk to absolutely expects this stock to pop regardless of what they say. There is certainly more call buying going on today, about 2-1 vs. puts, but I haven't been able to convince myself the obvious trade is the right trade. ...286 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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