Trader thinks APOL is moving higher on Earnings

Apollo Education Group, Inc., together with its subsidiaries, provides online and on-campus educational programs and services at different levels. Next week, APOL is due to report Earnings and the stock is a big mover on Earnings. Over the last 8 Quarters the stock has moved on average 13.5% and has rallied 3 of the last 4 Quarters. The chart looks great and today we saw a trader buy 1000 APOL 4.4.204 34 Calls for $1.34, which gives the trader the right but not obligation to buy 100,000 Shares of APOL at #4 and pays $134,000 for this right. So, I bought these Calls as well.

My Trade: Buying the APOL 4.4.2014 34 Calls for $1.45
Targets: $1.65, $1.90, and $2.20

Greeks of this Trade:
Delta: Long
Gamma: Long
Theta: Short
Vega: Long

Andrew Keene

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