If AAPL gaps down and opens above the 200 SMA on the daily, it's buyable.
If AAPL opens below 200 SMA on the daily, very good chance it's shortable.
If AAPL opens above 135 - very bullish.
IF AAPL opens between 119 and 134 - I'l likely be considering another Iron condor.
Butterfly over earnings?
BTO the July 24 135 call
STO the July 24 137 call
BTO the July 24 118 put
STO the July 24 116 put
Total cost on Butterfly is .23 cents (not including commissions)
If AAPL opens below 200 SMA on the daily, very good chance it's shortable.
If AAPL opens above 135 - very bullish.
IF AAPL opens between 119 and 134 - I'l likely be considering another Iron condor.
Butterfly over earnings?
BTO the July 24 135 call
STO the July 24 137 call
BTO the July 24 118 put
STO the July 24 116 put
Total cost on Butterfly is .23 cents (not including commissions)
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