APPLE announces earnings after Tuesday's close so this setup is one day ahead of the optimum time to place it. You get the idea. AAPL typically moves 8% up or down on earnings announcement and this is a simple spread to take advantage of which even way it breaks. Based on today's action the odds appear to be to the downside based on several analysts' forecasts as the stock hugs an S# pivot collapse. the setup should be recalculated as of midday Tuesday for a more balanced straddle but this example would produce a quick gain if the stock only moves 5 points up or down. The option expires on the 29th but the position would likely be closed most favorably on the 27th.
As mentioned over the weekend OpStop is a little stand alone program that calculates "best odds" limit stops for any of the M programs. Its very fast and accommodates NYSE/NASDAQ stocks, ETFs and ETNs. If you are a user of any M program (M1, M3, M6, M11) just drop an email to receive a copy.
