Vertical Spreads for Aggressive Growth

[Cache Landing]

Today's Action Cont.

BTC 6 SPX MAY 1340/1350 @ 0.05

Year to Date P/L

Account Value: $12,907.00

YTD Gross P/L: 3,285.00

YTD Commiss: 378.00

YTD Net P/L: 2,907.00

YTD % P/L: 29.1%

 

[Cache Landing]

Anyone want to throw out an opinion on AAPL?

 

[Cache Landing]

Quote from rallymode:

at the end of nov sox gapped from 465 to 472 or so. then in late december that proved to be support. 490 is pretty solid, after which 472 becomes the nxt major support. Even after that, 460 is good support going back to june '05. i think the 465/470 strike is the optimal r/r play here.

Did you end up getting filled on SOX? Pretty big sell-off in semi-conductors. Unfortunately took my perfectly good MRVL position down with it. I opted not to mess with SOX just yet.

 

[rallymode]

Quote from Cache Landing:

Did you end up getting filled on SOX? Pretty big sell-off in semi-conductors. Unfortunately took my perfectly good MRVL position down with it. I opted not to mess with SOX just yet.

yep and taking a beating on it

 

[Cache Landing]

Quote from rallymode:

yep and taking a beating on it

Hatin' It! My order went unfilled the other day and it was a day order. I never submitted another as I was already bullish semis with my MRVL position.

SOX hasn't reached the gap support yet though.

 

[rallymode]

Quote from Cache Landing:

Hatin' It! My order went unfilled the other day and it was a day order. I never submitted another as I was already bullish semis with my MRVL position.

SOX hasn't reached the gap support yet though.

if i had a bullish chip order in like you i wouldnt have done it either but i figured i'd play the sector with the index instead. I had a feeling i was rushing into it but oh well. What i hate about it is the liquidity, it will make it harder for me on the way out. Now i remember why i avoided it all these years. The MM that filled me must've loved the edge i gave him

 

[cnms2]

I'm short AAPL from last Tuesday. Today it rides the $65.8 level. A bounce up would tell me that the intermediate term down trend is not yet decided. A break of this level, and later of the $63 would look really bearish.

<img src =http://www.elitetrader.com/vb/attachment.php?s=&postid=1073468>

Quote from Cache Landing:

Anyone want to throw out an opinion on AAPL?

 

[cnms2]

Decided to close the AAPL short position. I see a temporary flaw in the short term short trend.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1073597>

 

[brad1970]

Quote from Cache Landing:

At first glance looks promising. I've got a tee time in 15 minutes, so I'll have to see where they close today and do the r/r analysis over the weekend.

Test day for AMR. Could close below $26 and both the 30 and 50 Day SMA... Liked it short since $28..

 

[cnms2]

This is the chart on which I based my decision to close my AAPL short swing position.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1073609>