Anything Can Happen™

Gaslight Capital said:
IF $AAPL breaks and holds $139 then $172 by January opex >>> scale outs at $146, $150, $158 ... flat at $172

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You sound like you are getting exuberant. AAPL at $172 by middle January, 2021 is over a 400% annualized return on the underlying. Although if it did happen, Apple would certainly drag major indexes along with it. From investopedia.org:

Apple's Weighting In Key Indexes, ETFs
  • SPDR S&P 500 ETF (SPY): 3.37%
  • Invesco QQQ Trust (QQQ): 9.68%
  • iShares U.S. Technology ETF (IYW): 14.57%
  • Fidelity MSCI Information Technology ETF (FTEC): 15.16%
  • Vanguard Information Technology ETF (VGT): 15.69%
  • Technology Select Sector SPDR (XLK): 16.77%
 
BeautifulStranger said:
You sound like you are getting exuberant.
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It may or may not get there by Jan opex, and it may not get there at all:

Anything Can Happen™​

It is math, not emotion, and it is the way things have been working for years. I trade like no one you know. It is math and price action and it is stunningly accurate. And let's not skip the most important conditional at the preface of the $AAPL post: "IF ..."

Let me define a "break and hold:" A stock must break above the stated level and close there. It must then follow through with a higher high than the breakout day and maintain the close above the breakout level. Now, how one chooses to trade based upon that should depend upon one's own back testing and risk tolerance and blah blah blah.

But no exuberance here, brother. Math, not emotion.

Be the Algo™​
 
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$GS with a close above $263 ...

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Gaslight Capital said:
IF $AAPL breaks and holds $139 then $172 by January opex >>> scale outs at $146, $150, $158 ... flat at $172
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Went into the day looking to get long $AAPL and closed the day short via the January 8, 2021 135 puts, average cost $2.33/contract ... looking to close them out if price gets to $125 or lower.

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