douglas51 - the AAPL rising wedge favors a downside break over
time with a measured move of more than $20.00 from the high point
of the wedge. To confirm need a decisive close below rising
trendline. Below is an example of the measured move assuming
the high is in place (may need to adjust).
sethbru - realize that is only a 15 min chart, it's not a daily
chart. If it was 60 min or daily chart then it would be 4
times or more thank 100 points easily , but this is only a 15 min
view
You might want to look at the Short May 670
calls and long June 670 calls along with
the Long 600 June puts and
short May 600 puts. The trade costs
around 1300.00 per contract
One side will win for sure. The other side
will lose 650.00 if it goes throught the strike
price of 670 or 600 by May, You will be able to
roll the short up and out and make a nice profit. If
it doesn't hit either 670 or 600 by may , you
keep the premium and you are long the 670 call
and 600 put , where you will be able to sell
more premium.
Is that positive or negative?
AAPl 15 min
Posted by douglas51 on 9th of Apr 2012 at 04:23 pm
Is that positive or negative?
douglas51 - the AAPL rising
Posted by steve on 9th of Apr 2012 at 04:25 pm
douglas51 - the AAPL rising wedge favors a downside break over time with a measured move of more than $20.00 from the high point of the wedge. To confirm need a decisive close below rising trendline. Below is an example of the measured move assuming the high is in place (may need to adjust).
http://stockcharts.com/h-sc/ui?s=AAPL&p=15&yr=0&mn=0&dy=10&id=t92693310593&a=246027325&r=1334003381565&cmd=print
Apple rising wedge
Posted by sethbru on 9th of Apr 2012 at 05:02 pm
A downside break of $20 for Apple? That amounts to a giveback of about 2 days of its recent typical gains.
sethbru - realize that is
Posted by matt on 9th of Apr 2012 at 06:59 pm
sethbru - realize that is only a 15 min chart, it's not a daily chart. If it was 60 min or daily chart then it would be 4 times or more thank 100 points easily , but this is only a 15 min view
Option trade DOUBLE CALENDER
Posted by zach06 on 9th of Apr 2012 at 05:43 pm
You might want to look at the Short May 670 calls and long June 670 calls along with the Long 600 June puts and short May 600 puts. The trade costs around 1300.00 per contract One side will win for sure. The other side will lose 650.00 if it goes throught the strike price of 670 or 600 by May, You will be able to roll the short up and out and make a nice profit. If it doesn't hit either 670 or 600 by may , you keep the premium and you are long the 670 call and 600 put , where you will be able to sell more premium.
Sethbru - that's simply based
Posted by steve on 9th of Apr 2012 at 05:11 pm
Sethbru - that's simply based upon the 15 minute chart. it's NOT a daily chart, it's all relative to the time frame.