I put on a bull call spread on Apple (AAPL) today. It's a really small bet, so I suppose it might be seen as just a little bit of fun. They announce earnings tomorrow after the market close.
Bought AAPL May $160 Calls (APVEL) at $11.14
Sold AAPL May $170 Calls (APVEN) at $6.99
Payout Summary (upon expiration on May 16):
Break-even at 164.15. Max Gain of $5.85 at 170+. Max Loss of $4.15 at 160-. Linear across these points.