AAPL: The Death of an Uptrend

Quote from cactiman:

More positive price action from AAPL so far this morning.
$COMP, $NDX, & $SPX Indexes are all down, but AAPL is up a bit.
During most of AAPL's long descent the opposite was the case.

Are bottom fishers starting to get interested?
Are short sellers, thinking 500 is as low as AAPL will go, starting to cover?
To begin going up, you first have to stop going down.
:cool:
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i don't think you can draw any reliable conclusions for post-expiry action on a short trading day before Xmas. jmho

I am short 505p [@6.20] and short 525c [@6.50] - wide spread [condor?]

If it sells off <510 I am going to add more 505p and if trades >530 going to sell 540c, and roll up to short 510 or 515p or maybe 520p. these are weekly options b.t.w

I cannot figure AAPL out anymore
 
Not drawing any conclusions, and realize it's Xmas Eve.
Just noting a possible beginning of behavior changes for AAPL.
When did it last go up when the averages were down?

A Condor with the top at 525?
Might be a bit tight.
One more day like today and that will be it.
:)
 
Quote from iceman1:

i don't think you can draw any reliable conclusions for post-expiry action on a short trading day before Xmas. jmho

I am short 505p [@6.20] and short 525c [@6.50] - wide spread [condor?]

If it sells off <510 I am going to add more 505p and if trades >530 going to sell 540c, and roll up to short 510 or 515p or maybe 520p. these are weekly options b.t.w

I cannot figure AAPL out anymore
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jan 520 straddle is trading @39,so the pros give it 39 pts north or south of 520, there is a support at 521 that they are massaging at the moment, when market is at supp or res ,its the best time to put on trades with tight stop, you know right away when wrong, when right, you get the most bang for the buck,too many people listening to the ra ra ra in aapl media,stick to what you see
 

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taowave, I see earlier in this thread you bought a BWB (broken wing butterfly for those who are not options traders).

+1 450
-3 350
+2 250 in the Jan 14 puts..
When did you get in, and what was the price??

I'm curious about your statement that you thought 450 would be the low. If you thought that, why did you buy this particular BWB?
 
Quote from Daring:

Actually you do that a lot :)
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Humbug.
For the last 2 days AAPL has been stronger than the Indexes, which is the opposite of what it's been doing for quite a while, and I took note of it, that's all.

I look at price action and trends and make my bets according to what I think is the most probable outcome.
Sometimes I'm right and sometimes I'm wrong, just like everybody else.
With AAPL this year, I was right a lot more than I was wrong.
The jury is still out on next year's trades.

I never say I "know" what's gonna happen, or what a price will be in the future, like lots of traders on ET do.
Right now I "think" AAPL will go back into the 600's and won't go to 400, and have bet accordingly.
We'll see where it is next April-June.
 
Quote from cactiman:

Humbug.
For the last 2 days AAPL has been stronger than the Indexes, which is the opposite of what it's been doing for quite a while, and I took note of it, that's all.

I look at price action and trends and make my bets according to what I think is the most probable outcome.
Sometimes I'm right and sometimes I'm wrong, just like everybody else.
With AAPL this year, I was right a lot more than I was wrong.
The jury is still out on next year's trades.

I never say I "know" what's gonna happen, or what a price will be in the future, like lots of traders on ET do.
Right now I "think" AAPL will go back into the 600's and won't go to 400, and have bet accordingly.
We'll see where it is next April-June.
More...


Agree in all accounts, been reading your messages so yes, good description.
 
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