Last trading day of 2012 looked like an upside reversal to me, and 501.23 should end up being the bottom of AAPL's retracement since September. Of course there are no guarantees in a casino like this. Now AAPL has to prove itself by rising through resistance in the 540-580 area, and then getting up above the 200 day MA. Earnings coming up on the 22nd, and the Bulls & Bears will be making lots more predictions over the next few weeks. Should be interesting to see how the stock reacts to their guesswork. The bottom line for me is the earnings report, though it could be good and the stock might still go down depending on projections for the 2nd quarter. What a crazy game....
Sold To Open 3 Bets for January 18th Options Expiration: 12/28/12: -1 AAPL 500/495 Bull Put Spread @1.90 01/03/13: -1 AAPL 535/530 Bull Put Spread @1.67 01/03/13: -1 AAPL 550/545 Bull Put Spread @2.70 Looking for AAPL to rise over the next 2 weeks, before the January 22nd Earnings Announcement.