Only Apple

Quote from short4bread:

I'm thinking it may run pretty good tomorrow and break resistance. I am using 573 as resistance.
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That would be nice. Then comes the 50 day MA at 589, and of course the big round number 600!
Do you have any positions/bets on with AAPL?
 
Quote from cactiman:

That would be nice. Then comes the 50 day MA at 589, and of course the big round number 600!
Do you have any positions/bets on with AAPL?
More...
Yeah, I have a few naked calls. I plan on selling some out of the money calls for a free trade. I have been trading a long time and my bear market signal has not given a sell signal yet. I don't know of anyone using it because I designed it myself. It is pretty accurate and very simple.
 
Quote from short4bread:

Yeah, I have a few naked calls. I plan on selling some out of the money calls for a free trade. I have been trading a long time and my bear market signal has not given a sell signal yet. I don't know of anyone using it because I designed it myself. It is pretty accurate and very simple.
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You sold naked calls and want AAPL to go up?
Hope the Strike is 700 and they expire in June.....
Don't get this: "I plan on selling some out of the money calls for a free trade." ???
Bear Market Signal sounds interesting....
:)
 
Quote from cactiman:

You sold naked calls and want AAPL to go up?
Hope the Strike is 700 and they expire in June.....
Don't get this: "I plan on selling some out of the money calls for a free trade." ???
Bear Market Signal sounds interesting....
:)
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Bought calls. When you buy an option (call or put), let's say for a $1,000 and the stock goes up in price you can sell an out of the money option for $1,000.
 
Quote from short4bread:

Bought calls. When you buy an option (call or put), let's say for a $1,000 and the stock goes up in price you can sell an out of the money option for $1,000.
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So if you buy an at the money $570 call and AAPL goes to $575, you can sell a $580 for $1,000. If AAPL hits $580 at option expiration, you make an additional $1,000+$1,000 for the option sold.
 
Quote from short4bread:

So if you buy an at the money $570 call and AAPL goes to $575, you can sell a $580 for $1,000. If AAPL hits $580 at option expiration, you make an additional $1,000+$1,000 for the option sold.
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Don't get this yet, but I did a Graveyard Shift last night....
Will come back to it later.
AAPL broke through 575 on a very RED day for the Market - lots of Relative Strength.
But I think we'll need some good news from Europe for AAPL to break north of 600. We'll see.
:cool:
 

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Not sure when AAPL will get back north of 600, but I think it should stay above the 525-550 zone from now on.
So I went further to the Long Side on the Pullback:
Opened another AAPL 550/545 January Bull Put Spread.
:cool:
 

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Quote from rockefehler:

Getting close to my target of 1250 ...

Last leg of the C wave for Apple?
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Not sure about A,B,C Waves, but how about the way I learned?

2 Steps Forward.......1 Step Back!!

426.70 forward to 644.00 =+217.30

(217.30 X .5 =108.65)

644.00 back 108.65 = 535.35!!

:D
 

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