Option Block 592: The Apple of Yesteryear

The Option Block · Feb 3, 2017 · 1h 5m

Trading Block: Earnings edition

AAPL: Closed: $121.35, ATM Straddle: $4.25 approx. 3.5%. Opened: $127.09 - up 4.7%, traded as high as $130.49 - up 7.5%. iPhone 7 sales blew away estimates. Apple still sitting on over a quarter of a trillion in cash - excluding debt.

FB: Closed: $133.23, ATM Straddle: $6.70 approx. 5%. traded as high as $135.29 - up 1.5%, today down to $130.70, approx. 2%

After the bell: Amazon, Chipotle, Visa, GoPro

AMZN: $839.75, ATM Straddle: $41.50 - approx. 5%

CMG: $424.1, ATM Straddle: $20.55 - approx. 5%

GOPRO: $10.88, ATM Straddle: $1.25 - approx. 11.5%

Odd Block…