Apple feels like it's going to get pinned at or below $95 because the majority of the action are Calls. Micron had the Crowd chasing it just like Apple, and after Micron's price breakout and great Q, the evil Sith Lords of the Option Markets pinned it to $31.50 making tons of Calls at $31.50 to $40 dated June 23 , they all expired worthless, this was a pinning action as the next two days Micron hit $34 once the Sith-Lords released Micron from their force-grip. What do you think, will the Options Market Makers and Call Premium writers allow Apple to hit $96 or $97 with all them Calls? There's been little Put action, all happy Bullish Call buyers, I don't care where it closes because my time horizon is further out and I would love for a pull back to load up more stock and watch it pop Monday when the Big Money Institutions release their Jedi-Force grip off Apple. You need to remember the adage Stock777 frequently writes about "Bull Markets make everyone look like a Guru" or something of that sort, he's correct because it's hard to trade chop Markets and most people are not willing to Short Sell stocks or buy Puts.
Not to be rude, my post explained why Apple would be pinned to $95. The large amount of Calls are why they will push pin it to the $95. Maybe in the last hour it could break free but the sell pressure is tough today. She's been great to scalp but hard to a big movement, Cheers!
Pinned to $95.20 thank's to the Dark Sith lords who refused to part with their Apple stock. Who will exercise their options if Apple is only $.20 above the strike price? There's a lot more Option Interest at higher levels next week, we should get a good pop if the European weakest links don't implode. Good Luck until next week!
Apple could be obsolete by Pedro de Noronha, managing partner at hedge fund Noster Capital http://www.cnbc.com/id/101863259?__...adline|headline|story&par=yahoo&doc=101863259
seriously, wtf are you talking about? You are taking credit for pinning when the shares have strikes every $1 on weeklies and $0.70 on the serial. clown.
Looks like aapl is going to 98.32 with next stop on the ladder being 100.32. If it can punch past 98.32 by a little more than a few cents.