AAPL making its move again... reaching 459/460 supply area pre-market. If it can make its move above 462 later, lots of upside room to go. But, needs to close at 465 or higher to break out.

Cyprus? What Cyprus?

Anyway, see how the big boys cooked up the story to gap it down, take the money yesterday and they've covered today.
Maybe tonight.. everything is rosy again.. because they'll say Cyprus rejected the tax idea from ECB.

Also, what a disappointment for AAPL bulls. Rejected out of the gate at 460'ish.. (50ma resistance area too).



This post has been edited by danmooncake: Mar 20 2013, 05:43 AM

Well, as long as the prior day low holds (441.20), it should be ok.

Today pull back is because of resistance at the 460-462 50ma area.
It probably need to rest anyway and allow some dip buyers to come in.

My 15m and 5m chart still showing the uptrend is intact.

Selling the 440/435 Puts spread tonight... hoping for Friday pocket money here.

Sold a few tonight.. between 65c and 72c credits. Since it is OTM, it melting off fast. Only already half its value.
I'll watch for the undelying price movement, if $5 or less or (close to) $440, that's my signal to get out. Just 2 more days to go.
I think 440 will hold by Friday.

This post has been edited by danmooncake: Mar 21 2013, 02:56 AM

Watching AAPL for tight range (448~455) tonight. I'm not doing anything within this range, just letting the option melt do its work.

Top side resistance pretty strong: 460, 458, 455
Support at floor: 448, 449, 450.

The roof is declining faster than the rising floor. I think it may collapse soon. I got about $10 head room on short PUTs side before if it reaches dangerous level. I'll lean towards short calls on the next leg to surround this trade if it can't seems to break 454-455 area. Just one more day to melt off.

This post has been edited by danmooncake: Mar 21 2013, 10:08 PM

Whoa... yeah man. Too close for comfort at the 460/465 resistance area. But, the shorts at 440/435 working nicely.
Today closing will be crucial. If it breaks above 460.. we could see it run to 465 pretty quick.

Whoa..... AAPL just crossed that 460.. 50 dma line.

G'evening folks,

Another short week.. good for another round of shorting them weeklies options.

Yet again, AAPL showing bullish sign. Looking for short of 450-460 Puts here.

Those minis and quarterly are trading together this week. Could be confusing looking at both of them, trying to pick them.

Two more days to go.. hopefully will expire BEFORE any major disappointing news coming out from Cyprus to spook this market again.

AAPL looking tired and weak here tonight.. @ 465 high.. faded into 462.
If rolls back to 457-458 and hold, I'll add more shorts of 450/445 puts to play along.

This post has been edited by danmooncake: Mar 26 2013, 10:00 PM

Looks doable.

What's your top and bottom range?

Largest spread move that I've seen per day for NFLX is $15~$18. With two more days to go. Option exp will probably pin this between 185 and 190. But, I think you still got to watch that 190 line. Sometimes with news event like this, you can't anticipate what will happen. Maybe do a quick roll to 195/200 call if the theta melt will help you to even out flat and or sell more 170/160 puts spread.

Here comes the warning shot across the bow tonight.. bears are sneaking out.

This post has been edited by danmooncake: Mar 27 2013, 10:04 PM

Maybe grass got sugar, attracting them like bees..

Anyway, there's indeed dip buyers yesterday.

AAPL - bearish again. Can't stay above 50dma.
Will need a little pull back here to get more spring coil.

Exiting all Puts spread yesterday. Watching the 445-450 for options expiration play.

$SPX finally broke all time high.. Bernanke won!

Waahh. market all time high.. dunno what to say. Everything on fire and on auto pilot.

As for AAPL trade.. looks like this 3 days pull back here to the 20ma looks interesting is around 50%
retracement from 470. Funny how all these algorithms are pulling it together.

Actually, GOOG actually been moving down from its high of 844 since this month.

I can see the big boys are starting to position themselves to move some of the high flyers into consumer staples.

Sometimes, volatility has to do with a lot with reasons being stopped out. You can get whipsawed easily if the stock you're trading is volatile.
Active monitoring and managing your risk can help.

Right now, market is at all time high.. staying in cash is safer.