Quote from fka:
also long DEC AAPL Calls
Edit
DEC07 Calls Strike 195
AAPL chart looks like the mother off all uptrends. Retraced, quick consolidation+bullflag.
It´s more like a position trade for the next 2 weeks, expecting 50-100% return.
Expecting AAPL to rise to 200
Quote from atticus:
You're deficient, but lucky for you, nobody of intellect can make a case for PINNING, which is what you're attempting. "MAX PAIN" concepts are completely out of touch with reality in a 2007 market. The cash markets are simply too liquid. Interest rates and microstructure play a significant role as well, but talking to you is akin to teaching Ito's lemma to a Capuchin monkey.
The market broke below prior spot support at 150, not 152 or 153. It's clear that you can't read a chart any better.
My [absolute] last on the subject. You're killfiled.
Apex,Quote from apex82:
market has a high probability of rallying into the job report and then falling the week after.. do the stats. Its pretty amazing how accurate this is.
Quote from opt789:
Apex,
Could you expand on this a little? Maybe I am missing the point but I don't see what you are seeing.
NFP : next week's SPX
1/5/07 +21.02
2/2/07 -10.33
3/9/07 -15.89
4/6/07 + 9.09
5/4/07 + 0.23
6/1/07 -28.67
7/6/07 +22.06
8/3/07 +20.58
9/7/07 +30.70
10/5/07 + 4.21
11/2/07 -55.95
Looks like 7 up and 4 down, which has an upward bias but not really statistically significant.