Definitely grab some LEAP puts soon or something. The cool thing is that your position will be 100% hedged with locked in equity, so you could do whatever you wanted to with that money; depending on the margin flexibility of your broker. Or just roll the dice and see how long this Apple run can continue. I think its been running now for the most part, with a few minor pullbacks and one major retracement, for the last 3 years now. It split 2-1 back in Feb 2005, so its basically pulled a double double to this point since like 2004ish.
AAPL
- Thread starter DeltaSpread
- Start date
Definitely grab some LEAP puts soon or something. The cool thing is that your position will be 100% hedged with locked in equity, so you could do whatever you wanted to with that money; depending on the margin flexibility of your broker. Or just roll the dice and see how long this Apple run can continue. I think its been running now for the most part, with a few minor pullbacks and one major retracement, for the last 3 years now. It split 2-1 back in Feb 2005, so its basically pulled a double double to this point since like 2004ish.
There was no material or substance behind the options issue. Same for the HP scandal.
my problem with this run apple is having is theres no increasing volume...and what volume there is inst even up to its daily average ( about 30m)
Apple tends to drop off sharply when its correcting and not form a nice round top.
Stock_trad3r ... knowing that you are a long term investor makes thing much clearer. It becomes apples and oranges as 'yes' I agree that long term apple is a buy.
But Im short term swing trading. I see apple having a nice drop before it makes new highs ( which I do believe it will ).
Course right now Im down about $1600 on it
Unfortunately for me I dont have any more trend lines or points of resistance until it hits 98 again... so maybe it will go all the way back to there before it corrects again.
Apple tends to drop off sharply when its correcting and not form a nice round top.
Stock_trad3r ... knowing that you are a long term investor makes thing much clearer. It becomes apples and oranges as 'yes' I agree that long term apple is a buy.
But Im short term swing trading. I see apple having a nice drop before it makes new highs ( which I do believe it will ).
Course right now Im down about $1600 on it
Unfortunately for me I dont have any more trend lines or points of resistance until it hits 98 again... so maybe it will go all the way back to there before it corrects again.
This should be interesting. Are you going to see this through?? Stops or add to short @ $98 range?
I am running a sell stop on those calls if the bids start to dry up @ .95
I did my backwards ass hedge strategy
Sicne Im not set up for options ( yeah I know..) I went long an equal number of shares as we crossed 95 .
So Im balanced out and once I feel we're going to correct I dump the long positions and it will only take a couple points for me to be in profit.
Yes I know thats very ass backwards...
Luckily I made cash on CMI and BAC today
I can see 98 by tomorrow. I'm buying right here and putting my stop @ 95.
Thats a bad tick. Its at the high right now. I actually tripled my calls, adding more at a $1.00 here. Average cost is .925 & going to let it run tomorrow to see what happens.
I should also point out in case you'all think Im taking all sorts of risks here that I dont have that much in this...
Just 400 shares so its not that catastrophic.
Also if the market doesnt correct soon Im going to bow out for awhile..all I can see right now are bearish signals so Im not on top of my game.
Just 400 shares so its not that catastrophic.
Also if the market doesnt correct soon Im going to bow out for awhile..all I can see right now are bearish signals so Im not on top of my game.