Well, the WWDC conference is Monday. Steve Jobs will make a speach about the next OS. I looked at the IV from the last developer confererence and that had a drop of about 5% the day of the conference.

AAPL IV is in the fortys. After his highness jobs gives his keynote, I think the stock will rally to the 130 level from 125, with a drop of IV of 5%~7%. The drop is not as big as earnings.

ARRGGHHH My computer power supply died.

Ok, I am back. I am soooo glad I have Apple Care. Ran down to the Apple store and they just replaced my power supply in 5 min, no questions asked.

So I have a spreadsheet that calculates all of this. I put in the IV, dates, etc and it returns the scenarios for a butterfly. I could use OptionVue if they made a OSX/Linux version. But they don’t. Rat Bastards.

So I am looking for a one-two day trade with a pretty wide range given a IV drop of 5%

Whatever, I won’t know until Monday morning opens. I will pull or not pull the trigger about 10:30 am EST.

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This entry was posted on Sunday, June 10th, 2007 at 6:13 pm and is filed under AAPL, Option Trading.