Posted by lessarda on 21st of Sep 2012 at 11:40 am
The flush down shook out some weak longs. Now the move up to 705
sets up very nicely for a pin at 700. There has been a little
pattern of selling off into the close on Fridays in Apple. I've
sold put spreads from 660 to 690 on the way up here, but will look
at selling the 705/710 call spread or going directional with puts
late in the day if there's no central planning news that sends the
indices to the moon into the close and the 700 magnet starts to
pull on price.
Posted by lessarda on 21st of Sep 2012 at 10:48 am
there was a 1.618 golden ratio extension at 732.54, so getting
to that level had some market math to it. Hard to expect much more
up here rather than a nice consolidation in the coming weeks.
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What's the RIMM play, Zach?
Posted by lessarda on 27th of Sep 2012 at 03:43 pm
Here's a % change chart
close at 13 ema? -- 1446 on SPX
Posted by lessarda on 27th of Sep 2012 at 03:36 pm
Looks like a high-level consolidation so far
Three day rule by Dan Kirkpatrick.
Posted by lessarda on 27th of Sep 2012 at 01:23 pm
Maybe they were selling APPL to buy GOOG...
Three day rule by Dan Kirkpatrick.
Posted by lessarda on 27th of Sep 2012 at 12:44 pm
APPL rallied $20 & GOOG fell $10 from first 30 minute moves
Maybe it's the new ceo
AAPL
Posted by lessarda on 26th of Sep 2012 at 01:35 pm
Sold 10 Oct 715/720 call spreads yesterday morning &
AAPL options-wondering what option traders are looking at with APPL ...
Posted by lessarda on 26th of Sep 2012 at 10:54 am
looking at selling lower call spreads on rallies that don't break the downtrend.
If anything, I think it would bounce from here
Small complex h&s on 5 m AAPL chart
Posted by lessarda on 21st of Sep 2012 at 03:51 pm
They're adjusting deltas all the time - I think they're fine now
Small complex h&s on 5 m AAPL chart
Posted by lessarda on 21st of Sep 2012 at 03:50 pm
Ok, there was one more push to hit 700 - out
Small complex h&s on 5 m AAPL chart
Posted by lessarda on 21st of Sep 2012 at 03:47 pm
Have to see how the markets shake out post-expiration first -
Small complex h&s on 5 m AAPL chart
Posted by lessarda on 21st of Sep 2012 at 02:35 pm
I would expect volatility to begin to rise next week, but if not 715 is the next target.
Mission accomplished
Small complex h&s on 5 m AAPL chart
Posted by lessarda on 21st of Sep 2012 at 02:29 pm
Played puts down to 701. Maybe there's more to come, but getting that close to 700 was enough for now.
Setup for 700 pin in AAPL
Small complex h&s on 5 m AAPL chart
Posted by lessarda on 21st of Sep 2012 at 11:40 am
The flush down shook out some weak longs. Now the move up to 705 sets up very nicely for a pin at 700. There has been a little pattern of selling off into the close on Fridays in Apple. I've sold put spreads from 660 to 690 on the way up here, but will look at selling the 705/710 call spread or going directional with puts late in the day if there's no central planning news that sends the indices to the moon into the close and the 700 magnet starts to pull on price.
THE MIGHTY GOOG
Goog
Posted by lessarda on 21st of Sep 2012 at 10:48 am
there was a 1.618 golden ratio extension at 732.54, so getting to that level had some market math to it. Hard to expect much more up here rather than a nice consolidation in the coming weeks.
Line at the local ATT store for IP5 was ~20 @ 6 am
Posted by lessarda on 21st of Sep 2012 at 10:36 am
doesn't seem like much, but I don't know about allocations, etc.
"Flexibility"
Wonder what the reason for this is??
Posted by lessarda on 21st of Sep 2012 at 09:58 am
Very well done; thanks, Steve.
Thursday Newsletter
Posted by lessarda on 21st of Sep 2012 at 09:11 am
So far, right on plan - shook out longs in 1st 1/2 hour - back to 700
Small complex h&s on 5 m AAPL chart
Posted by lessarda on 20th of Sep 2012 at 03:26 pm
Now does some energy come into the market or does the expiration grind continue through tomorrow's close. So far 700 is a magnet.
Don't forget quarterly dividends on index etfs tomorrow
Posted by lessarda on 20th of Sep 2012 at 02:57 pm
Rails...rails...rails...
Bizarro world of transports
Posted by lessarda on 20th of Sep 2012 at 01:55 pm
You are right, Darnelds, at least a one quarter suspension while they
CEL Israeli telecom INV H&S Breaking out.
Posted by lessarda on 20th of Sep 2012 at 12:51 pm
reevaluate their 75% of FCF policy and take a conservative stance as they try to grow their subscriber base