Only Apple

It'll probably go sideways for a couple of days. I dumped my calls for a profit early this morning.

 

I might buy some calls if Apple gaps down from Wed.'s close. I think the rule of thumb is if the gap holds for two or three days it has support. We'll see what happens.

 

1x645 and 4x610 may calls here

 

For those interested in longer time frames, I just opened another AAPL Bull Put Spread, betting AAPL will stay above 600.
I enjoy getting paid 100+% for the other guy's Time Decay - tick-tock, tick-tock, tick-tock...

 

Welcome to the N B A market: Nothing But Apple

A great and safe pairs trade: Sell QQQQs, Buy AAPL

 

Last two weeks that was not very safe.

In earnings, not very safe either.

If something very bad happens to AAPL, not very safe either.

Conclusion, not very safe

 

There is no vert on AAPL that pays 100% to $600 or lower. Magic?

 

That's not a pairs trade. If AAPL rises, so will the Q's.

 

Will probably drop a bit the coming days, then another upsurge ... I'll buy when I see a clear bottom. Meanwhile, the AEX calls are doing fine. We'll see about gold.

 

I wouldn't lie to you about money atticus!
You forgot to ask which month.

SELL -1 VERTICAL AAPL 100 JAN 13 600/595 PUT @2.57 LMT

$257.00-$3.00=credit $254.00/$243.00 Max Loss = 104.53% profit

I reckon the odds of AAPL being at 600 or above by then are pretty good!