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2 Timeframes / 2 Trends: AAPL has been in a Short Term Uptrend since 05/18/12, when the Long Term Uptrend corrected 18.92% to a Higher Low of 522.18. The Short Term Uptrend needs to push through resistance at 600 first, then go to a new high above 619.87 to continue. The Long Term Uptrend...

:) Europe and Asia must like it too. Both are up! :cool:

I like that kind of talk! :D

I normally close a losing position around 30-25 days before Expiration, while it still has some Extrinsic (Time) Value left, to avoid a Max Loss. The attached graph shows how the Extrinsic (Time) Value falls off quite rapidly near the end. You've probably seen it before. At the close on...

I still haven't closed my August 600/595 Bull Put Spread, though for any other stock I would have taken the loss and exited by now. But AAPL is different! It really didn't fall that much after the earnings miss (compare its 4% dip to what CMG did for example), and going up 10+ points a day...

I'm only a small-time retail trend trader, trying to generate monthly income through simple non-jargon cluttered trades, but I agree with FoN 100%. IMO: All the fundamental, technical, and emotional reasons for buying or selling (for thousands of different traders and fund managers) are...

Pretty good call there S2007S! :cool:

Thanks. I've only traded Singles and Verticals, no Diagonals yet. So your explanation should help me figure them out a bit more. :)

A lot of risk for $25 less commissions? You could tune in next week and watch FB short squeeze back up to 27! FB seems to want to be above $23 so far, after all the bad news is already out. So an alternative trade might be to Sell an August 23/22 Bull Put Spread for a $35 credit, with a Max...

CMG still going south for you RR, congrats. What are the pros and cons for you in trading Diagonal Spreads, versus Vertical Spreads? :)

Back on June 6th I opened a few FB August 30/31/20/19 Iron Condors, when FB was at 26. Been sweating and wiping my brow ever since. Kind of a dumb trade, with no chart history to guide me, but it was fun being part of the hype and IPO, etc. So will the stock stay between 20 and 30 through...

Good luck with all those trades! I have quite a few more AAPL Bull Put Spreads expiring in August, October, and January with Strikes as low as 500 and as high as 660. Assuming AAPL's Uptrend continues, it should just be a matter of good or bad fortune with the timing. The weekly chart tells...

Yesterday was a real let down, but I've stopped crying now, so am able to blather out my 2 bits once again... Anyway, I'm not just saying this because I'm still Long, but 570 might be as low as she goes. The latest talk is the stock is still cheap PE wise, they have tons of cash, no debt, and...

Based on AAPL's past behavior and the chart, I thought the probability for AAPL to go up was higher than for it to go down. But it went down. So I may have to eat a loss. It won't be the first time, or the last. Though AAPL could still creep back up to 600 by August 17th, we'll see. Funny...

Hope you shorted it Uncle Ho. AAPL currently around 570. :(

AAPL currently around 570. :(

AAPL currently around 570. So much for using the profits to buy a new Ipad! :(

It's squishing down through that line for you today RR. :eek:

AAPL can move independently as well, no? Doesn't need the rest of the market to go up with it. We'll know in a couple of hours.... :cool: