Today APPL and ALTR will announe the numbers. Both results will be strong and I believe all semi stocks will announce strong share buyback programs. I reccommend the following strategies:
1- APPL : Sell 345 PUT and 410 Call
2- For conservative traders, just buy SPY or SMH. To be more conservative, sell out of the money PUTs on SPY and SMH.
3- Check out ADI chart. It has dropped a lot for no reason. Results will be stellar. I expect a 15% up move in 2 weeks. Maybe 3-4% just today. It is a buy
1- APPL : Sell 345 PUT and 410 Call
2- For conservative traders, just buy SPY or SMH. To be more conservative, sell out of the money PUTs on SPY and SMH.
3- Check out ADI chart. It has dropped a lot for no reason. Results will be stellar. I expect a 15% up move in 2 weeks. Maybe 3-4% just today. It is a buy