I told you, it was not my trade and I did not ask, but he usually uses puts. But I don't know if he used a tandem setup or what...
And if I did know, which I don't, why would that be important to you.
That trade is long over..he called it days before the CC. Got out shortly after. He made out like a fat rat...because we all know how that high flyer trades, and if they put out decent numbers and fail to meet some analysts expectations, the stock takes a nose dive for a short period of time.
All of the high flyer (high multiple) tech stocks do this..
It was a great call.
If you had the slightest idea of what I'm talking about, you would agree, but you don't and you don't. In fact you take it personally.
If I were you, I would stay clear of stock trading. You are far too emotionally connected to the tools used to make money. And a stock, any stock, is just a tool to be used to make money.
Actually, no, they don't. Only AAPL does this. . . and what is high multiple about 14 PE? Back out the $203 Billion cash position of Apple and that is more like an 11 PE. It certainly is not the stratospheric multiples of Amazon 1050:1, Netflix's 420 or Google's and Microsoft's 32 to 35 which are both more than double what Apple's is. All the fundamentals show that AAPL is undervalued compared to the market. See? You don't know what you are talking about.
It was a great gamble. . . based on manipulation of the news, not on the actual factual record results. It was pure FUD manipulation of the news cycle made possible by some anal-cysts in the news media who connived to make it happen by lying about the results for a few short hours before correcting their lies. Long enough to do damage. . . and enrich their buddies who knew they were going to do it at the expense of little traders who believed the crooks. It was dishonest and reprehensible.