AAPL Intraday Updates (Archive)
Feel a little bit like we’ve been taken out to the proverbial woodshed this week which coincidently I’ve spent my week helping to build. That’s some kind of weird irony I’m thinkin.
I don’t mind being wrong…,I just hate being wrong so FAST!
Anyone else nervous that we are trading so close to our 200 day ma?
Like I said in a previous post, I’m expecting AAPL to drag along for the next few weeks, maybe even going into August. If that happens, with two fewer months of premium built in, and AAPL probably still around the ~$340-$350 mark, I’m pretty sure those calls will go down by 40% from current levels.
Thinking about that, I went to all cash a few days ago. I’m hoping I can buy JAN12 370s for the current price of 390s in a few weeks.