Apple, Inc. (Ticker: AAPL) reports Q2 earnings after the close today.
Oftentimes, we are forced to take a directional bias with an options play into earnings because a “delta-neutral” spread does not offer the proper reward for the risk we take.
That is not the case in Apple. Click the video below to see our approach.
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Many options traders focus on one direction at a time. However, risk reversals can force you to focus on two directions simultaneously. Buy a call. Buy a put. Maybe sell a covered call against something you already own. That’s exactly what makes them so powerful…and dangerous, if you don’t know what you’re doing. I’ll walk […]
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