Getting ready for APPLE earnings

The S&P (.SPX) has roared to record highs this year with a gain of more than 11 percent, many Wall Street analysts have been forced to concede their prior targets were too low and adjust accordingly.

Then there is Apple

With earnings under way and the market dropping more than 2% (the largest drop of the year so far) earnings has been mixed and this does not play well with the market. The first big influence we are going to see this week will be Apple's earnings that comes out after the market closes on Tuesday. For this reason I will not start any trading until Wednesday morning because I would expect the report to guide the market's direction the rest of the week.

This year alone, Apple is down 27 percent - still firmly in the grip of a bear market, which Wall Street defines as the loss of 20 percent or more from a recent peak.

The company is expected to report a 8% gain in quarterly revenue, among the weakest displays of quarterly growth in years, according to average analysts' estimates, polled by Reuters.
Earnings per share are expected to fall 18 percent as Samsung Electronics and other hard-charging rivals erode Apple's market share and put pressure on its margins   

So how did SLOW MONEY OPTIONS do for the week?  I had announced 4 trade recommendations on Wednesday.  I recommended sell AAPL call and put spread as well as SPY call and put spread.  I was unable to get an execution on the CALL SPY SPREAD, maybe you did.  I received 6% on each spread that was executed.  Remember always do the more conservative spread is the reason that I give you choices.  What I do is take all my recommendations just split the money between choices. You can trade just enough to give you an extra days results of trading or trade enough to give you a weeks worth of trading.  The choice is yours take responsibility.

I am trading weekly options to help you grow your portfolios a little each week. We are either making money or not losing money.  Thank you for letting me serve you, I consider it a privilege to work with each of you.  I strive to make a successful trade one week at a time.

Are you making money? If not why not trade with me. Remember the goal is to make money NOT lose money . . . Duh . . . . . . . Take a look and see how Slow Money Option Trading went https://docs.google.com/spreadsheet/ccc key=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&authkey=COb7xdMJ

Remember if your not a paid up member of the Fast MoneyTradingTeam you will not get the weekly Slow Money Option recommendations. Yes, I expect to publish Wednesday,Thursday or Friday my weekly option trade to the paid up members.