That would be nice. Then comes the 50 day MA at 589, and of course the big round number 600! Do you have any positions/bets on with AAPL?
Yeah, I have a few naked calls. I plan on selling some out of the money calls for a free trade. I have been trading a long time and my bear market signal has not given a sell signal yet. I don't know of anyone using it because I designed it myself. It is pretty accurate and very simple.
You sold naked calls and want AAPL to go up? Hope the Strike is 700 and they expire in June..... Don't get this: "I plan on selling some out of the money calls for a free trade." ??? Bear Market Signal sounds interesting....
Bought calls. When you buy an option (call or put), let's say for a $1,000 and the stock goes up in price you can sell an out of the money option for $1,000.
So if you buy an at the money $570 call and AAPL goes to $575, you can sell a $580 for $1,000. If AAPL hits $580 at option expiration, you make an additional $1,000+$1,000 for the option sold.
Don't get this yet, but I did a Graveyard Shift last night.... Will come back to it later. AAPL broke through 575 on a very RED day for the Market - lots of Relative Strength. But I think we'll need some good news from Europe for AAPL to break north of 600. We'll see.
Not sure when AAPL will get back north of 600, but I think it should stay above the 525-550 zone from now on. So I went further to the Long Side on the Pullback: Opened another AAPL 550/545 January Bull Put Spread.
Not sure about A,B,C Waves, but how about the way I learned? 2 Steps Forward.......1 Step Back!! 426.70 forward to 644.00 =+217.30 (217.30 X .5 =108.65) 644.00 back 108.65 = 535.35!!