AAPL Intraday Updates (Archive)

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    Posted: 28 May 2010 12:58 PM #136

    artman1033 - 28 May 2010 02:54 PM

    ... IMPLIED JUNE OPTIONS VOLATILITY 37.75
    June 250 call @ 8,891 today. OI 24,322, was 27,016, $13.58
    June 260 call @ 7,603 today. OI 28,490, was 28,291, $7.75 ...

    Cool, IV finally drops to a level that Deagol wants.  Now get ready for completion of wave e to catch the parabolic 1.v.(5).

    Btw, Jun 270 call has increased from 25,165 to 29,646, still less than OI (Jun calls) $290 of 34,139.

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    Posted: 28 May 2010 01:01 PM #137

    Mace - 28 May 2010 03:58 PM
    artman1033 - 28 May 2010 02:54 PM

    ... IMPLIED JUNE OPTIONS VOLATILITY 37.75
    June 250 call @ 8,891 today. OI 24,322, was 27,016, $13.58
    June 260 call @ 7,603 today. OI 28,490, was 28,291, $7.75 ...

    Cool, IV finally drops to a level that Deagol wants.  Now get ready for completion of wave e to catch the parabolic 1.v.(5).

    Btw, Jun 270 call has increased from 25,165 to 29,646, still less than OI (Jun calls) $290 of 34,139.

    very bullish.

    I like those numbers

         
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    Posted: 28 May 2010 04:20 PM #138

    AAPL tops the list on ‘Selling on Strength’.  It has been absent from the ‘Buying on Weakness’  list for many days.  Didn’t they listen to Cramer?

         
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    Posted: 28 May 2010 05:14 PM #139

    I haven’t made any changes to my option account since Wed, when I bought a few more calls.  The account only owns AAPL calls, in and out of the money.  Yesterday, on a 9 point gain in the share price (during option trading hours) that account made a gain which would have been equivalent to owning 200 shares outright.  Today, same account with no changes,  on a 3.5 point +/- gain in the share price, made a gain equivalent to owning 1400 shares.  Needless to say, my disposition has improved.  I need to understand what market force or sentiment can cause premium to erode or gain this fast and how to predict it.

         
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    Posted: 28 May 2010 05:38 PM #140

    artman1033 - 28 May 2010 08:15 PM
    artman1033 - 28 May 2010 05:24 PM
    artman1033 - 28 May 2010 02:54 PM

    Current conditions: 10:36 AM Eastern Biggest volume puts and calls
    AAPL @257.94  with 7,522,964 shares traded. PUT/CALL RATIO .454
    IMPLIED JUNE OPTIONS VOLATILITY 37.75
    June 250 call @ 8,891 today. OI 24,322, was 27,016, $13.58
    June 260 call @ 7,603 today. OI 28,490, was 28,291, $7.75
    June 240 Put @ 4,678 today. OI 17,540, was 16,451, $3.04
    June 250 Put @ 4,686 today. OI 17,717, was 16,809, $5.45

    Current conditions: 1:00 PM Eastern Biggest volume puts and calls
    AAPL @255.06  with 16,886,713 shares traded. PUT/CALL RATIO .485
    IMPLIED JUNE OPTIONS VOLATILITY 39.80
    June 250 call @ 14,768 today. OI 24,322, was 27,016, $11.80
    June 260 call @ 17,966 today. OI 28,490, was 28,291, $6.60
    June 240 Put @ 8,442 today. OI 17,540, was 16,451, $3.95
    June 250 Put @ 9,707 today. OI 17,717, was 16,809, $6.95

    Current conditions: 4:00 PM Eastern Biggest volume puts and calls
    AAPL @256.88  with 28,872,624 shares traded. PUT/CALL RATIO .537
    IMPLIED JUNE OPTIONS VOLATILITY 38.61
    June 250 call @ 20,822 today. OI 24,322, was 27,016, $12.90
    June 260 call @ 29,512 today. OI 28,490, was 28,291, $7.30
    June 240 Put @ 14,191 today. OI 17,540, was 16,451, $3.30
    June 250 Put @ 16,546 today. OI 17,717, was 16,809, $5.81

    Noted that share price and put/call ratio are correlated.  Are they in sync or there is lag (one would lead the other)?

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    Posted: 28 May 2010 05:49 PM #141

    zulu - 28 May 2010 08:14 PM

    I haven’t made any changes to my option account since Wed, when I bought a few more calls.  The account only owns AAPL calls, in and out of the money.  Yesterday, on a 9 point gain in the share price (during option trading hours) that account made a gain which would have been equivalent to owning 200 shares outright.  Today, same account with no changes,  on a 3.5 point +/- gain in the share price, made a gain equivalent to owning 1400 shares.  Needless to say, my disposition has improved.  I need to understand what market force or sentiment can cause premium to erode or gain this fast and how to predict it.

    Refer to the book “Option Volatility & Pricing” by Sheldon Natenberg.  Usually IV rises with uncertainties, towards an event like earnings annoucement/WWDC, and sudden changes in share price.

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