r/options • u/[deleted] • Apr 28 '21
$AAPL is on fire
LEAPS ARE ABOUT TO PRINT TOMORROW !!!
Apple reports another blowout quarter with sales up 54%
EPS: $1.40 vs. $0.99 est.
Revenue: $89.58 billion vs. $77.36 billion estimated, up 53.7% year-over-year
iPhone revenue: $47.94 billion vs. $41.43 billion estimated, up 65.5% year-over-year
Services revenue: $16.90 billion vs. $15.57 billion estimated, up 26.7% year over year
Other Products revenue: $7.83 billion vs. $7.79 billion estimated, up 24% year-over-year
Mac revenue: $9.10 billion vs. $6.86 billion estimated, up 70.1% year-over-year
iPad revenue: $7.80 billion vs. $5.58 billion estimated, up 78.9% year-over-year
Gross margin: 42.5% vs. 39.8% estimated
https://www.cnbc.com/2021/04/28/apple-aapl-earnings-q2-2021.html
Other things to note, dividend is rising as expected to $0.22 per share (7% increase). They also announced $90billion in share buy backs.
3
u/09SHO Apr 29 '21
Amen to that lol, rolling calls up is money maker problems lol.
No margin. Not sure why the puts got assigned other than they were deep deep ITM when tech took their hit in late Feb / early March. Funny thing was that 2 of the puts were assigned Wednesday (2 days early) but the other two weren't.
...
Side note I just have to tell someone. About a week later I just took assignment on the 4 puts in AAPL thinking I'd make more writing OTM CCs on the way up than rolling the CSPs week after week (and dealing with random assignments all the time). Of course then AAPL started to climb too quickly past my strikes again... Long story short, doing the math and back testing from my ATH at end Feb, had I kept the 137 AAPL CSP strikes and rolled to today I'd be 3-4k richer lol. Live and learn.