So, Apple (AAPL) beats consensus estimates on both top and bottom, but due to its issuance of conservative Q3 guidance, shares came tumbling down to the $158 range after peaking over $170 in afterhours trading. The bottom line... Apple beats, but is now getting beat up.
I guess the conference call is going to start soon.
Well, there's nothing much I can do at this point. We'll see how the call goes, and depending on how it's trading tomorrow, I will figure out what I want to do with the spread. There's still more than 3 weeks left before expiration, so anything can happen before then.
-- Edit #1 --
Well, I did listen to the call earlier, but since I was at work, I couldn't stay totally focused on it. However, it did seem quite positive to me. Afterhours trading was all over the place. I really have no idea what tomorrow will bring.
That said, I'm not feeling all that uncomfortable right now with my position, but I'm not all that happy with it either. I guess we'll just have to wait for tomorrow to see the truth.