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Options Action Recap

Two titans in their respective industries. Two earnings stories. But that's where the similarities end.

On last Friday's Options Action, we previewed earnings for both Apple and Goldman Sachs . Curiously enough, the team was bearish on the stock making all-time highs (that would be Dan Nathan's bearish strategy on Apple), and bullish on the stock that can't get out of its own way (that would Mike Khouw and Carter Worth getting behind Goldman with shares near a 52-week low). With both reporting tomorrow, we'll see if it pays to be a contrarian.

You can watch the segment here.

Trades and breakdowns are below:

DAN'S APPLE OPTIONS TRADE

  • BUY OCTOBER 405-STRIKE PUT FOR $5.60
  • SELL OCTOBER 390-STRIKE PUT FOR $2.30

HOW DAN'S APPLE TRADE MAKES MONEY

  • LOSSES ABOVE $401.70
  • PROFITS BETWEEN $401.70 - $390
  • PROFITS CAPPED AT $390

MIKE'S GOLDMAN OPTIONS TRADE

  • SELL NOVEMBER 80-STRIKE PUT FOR $2.20
  • BUY NOVEMBER 105-STRIKE CALL FOR $2.20

HOW MIKE’S GOLDMAN TRADE MAKES MONEY

  • PROFITS ABOVE $105
  • LOSSES BELOW $80

Watch Options Actionon CNBC Fridays 5:00pm ET, Saturdays at 6a ET and on Sundays at 6a ET

Questions, comments send them to us at: optionsaction@cnbc.com

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  • Melissa Lee

    Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

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