AAPL Intraday Updates - Archive

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    Posted: 24 August 2012 04:10 PM #541

    AAPL currently a little under 665 after having strangely mini-dipped below 665 out of step with the market.

    Nothing to see there, nope.

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    The Summer of AAPL is here.  Enjoy it (responsibly) while it lasts.
    AFB Night Owl Team™
    Thanks, Steve.

         
  • Posted: 24 August 2012 04:14 PM #542

    Mav - 24 August 2012 07:10 PM

    AAPL currently a little under 665 after having strangely mini-dipped below 665 out of step with the market.

    Nothing to see there, nope.

    Makes it more likely to see AAPL bounce on Monday. 

    I missed today’s morning dip but no complaints given good results realized earlier in the week.

         
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    Posted: 24 August 2012 04:16 PM #543

    Don’t need all of the gains (can’t get ‘em all anyway), just less of the losses.

    The last hour of trading on Friday is always interesting.  We’ll see if I can pick up some hourly options for $25 a contract.  Probably not, but who knows.  Meanwhile, bears or EOs tried to fade AAPL below 665 - as of right now, they failed spectacularly.  Anyone crazy enough to day trade daily options (not easy to do given FINRA) around that dip could’ve gotten some very, very nice gains.

    Absent some crazy reversal, this has been a kickass week for AAPL longs.  A nice move from 648.11!

    [ Edited: 24 August 2012 04:19 PM by Mav ]

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    The Summer of AAPL is here.  Enjoy it (responsibly) while it lasts.
    AFB Night Owl Team™
    Thanks, Steve.

         
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    Posted: 24 August 2012 04:54 PM #544

    Well, looks like the 665 _put_ buyers are seeing the most green today.

    Didn’t like AAPL’s price action, so cancelled my microbet a few minutes ago.  Good call, it seems.

    [ Edited: 24 August 2012 05:01 PM by Mav ]

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    The Summer of AAPL is here.  Enjoy it (responsibly) while it lasts.
    AFB Night Owl Team™
    Thanks, Steve.

         
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    Posted: 24 August 2012 04:54 PM #545

    Well this is a shitty way to close the week…..  Come on GREEN

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    Because Longer is better…....

         
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    Posted: 24 August 2012 05:01 PM #546

    AAPL closes at 663.35.  It’s not almost 675 of course, but it’s a solid 2.3%ish gain from last Friday.  I say AAPL is digesting this new range quite well.  Enjoy the weekend all.

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    The Summer of AAPL is here.  Enjoy it (responsibly) while it lasts.
    AFB Night Owl Team™
    Thanks, Steve.

         
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    Posted: 24 August 2012 05:07 PM #547

    Thats better…  good job AAPL

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    Because Longer is better…....

         
  • Posted: 24 August 2012 05:37 PM #548

    Tuesday I bought 100 Week4 $665/$675 Bull Call Spreads and was much annoyed when AAPL dropped to $650 afterwards.

    However, I used the opportunity to BTC the $675s (making ~$700/Contract), then STO the Week4 $670s for more than I bought the $675s back (net increase to cash), and to load up on Week4 $655/$660 Bull Call Spreads, sufficient to cover any losses I may sustain on my previous purchase.  Yesterday it was looking like both were going to pay off.  That is until this morning.

    I must admit that this morning’s Open (gap down) and continued decline unnerved me.  I sold my Week4 $665/$670s for 35?, only to watch AAPL immediately reverse direction I should have slept in another 20 minutes).  Those Spreads then went up to $2.25.  Needless to say, that irritated like hell.

    The rosy lining was that the insurance policy I set up with the $655/$660 Spreads paid off and more than covered my losses on the $665/$670.  I ended the Week up, although it took some maneuvering to do it.

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  • Posted: 24 August 2012 05:37 PM #549

    Mav - 24 August 2012 08:01 PM

    AAPL closes at 663.35.  It’s not almost 675 of course, but it’s a solid 2.3%ish gain from last Friday.  I say AAPL is digesting this new range quite well.  Enjoy the weekend all.

    I will take a 2.3% weekly gain every single week!

    Have a good weekend everyone.

         
  • Posted: 24 August 2012 05:39 PM #550

    With Intraday Highs on:

    Wednesday $669.00,
    Thursday     $669.90, and
    Friday         $669.48

    I would think that $670 is a major resistance point.  So what lies ahead?

    Since August 6, the historical trend showed AAPL going down 1.6% (on average) Week over Week.  In the meantime AAPL’s actual results were (on average) up 3.25% Week over Week.

    Why the change from historic trend?  I have theories, just like everyone else, but the truth is I don’t know.

    Now, today was the last day of a downtrend predicted by historic trend.  Starting Monday the historic trend indicates that AAPL will go up (on average) 3.06% Week over Week until October 1, followed by a short dip to October 12.  Thereafter through earnings AAPL goes on a 4.6% Week over Week tear.  Is this actionable?  I leave that to you.  AAPL did outperform the trend by about 300% through today, but I’m not counting on that continuing unabated.

    Still Monday’s trade activity will be most interesting to watch.  If AAPL just follows the historic trend, Intraday Low will be $663.66, and Intraday High will be $679.24.  That’s 2.12% over Monday August 20 results.

    [ Edited: 24 August 2012 05:55 PM by Gregg Thurman ]

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  • Posted: 24 August 2012 05:56 PM #551

    Wow what a week!! Any day thats not red is a good day. Green is green, cant go up 1-3 percent everyday smile

    Im hoping the low 600s are behind us but probably not. If we have a wtf sale ill probably add to my position.

         
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    Posted: 24 August 2012 06:07 PM #552

    Deleted.

    [ Edited: 24 August 2012 06:13 PM by rutgersguy92 ]      
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    Posted: 24 August 2012 06:09 PM #553

    Gregg Thurman - 24 August 2012 08:39 PM

    With Intraday Highs on:

    Wednesday $669.00,
    Thursday     $669.90, and
    Friday         $669.48

    I would think that $670 is a major resistance point.  So what lies ahead?

    Since August 6, the historical trend showed AAPL going down 1.6% (on average) Week over Week.  In the meantime AAPL’s actual results were (on average) up 3.25% Week over Week.

    Why the change from historic trend?  I have theories, just like everyone else, but the truth is I don’t know.

    Now, today was the last day of a downtrend predicted by historic trend.  Starting Monday the historic trend indicates that AAPL will go up (on average) 3.06% Week over Week until October 1, followed by a short dip to October 12.  Thereafter through earnings AAPL goes on a 4.6% Week over Week tear.  Is this actionable?  I leave that to you.  AAPL did outperform the trend by about 300% through today, but I’m not counting on that continuing unabated.

    Still Monday’s trade activity will be most interesting to watch.  If AAPL just follows the historic trend, Intraday Low will be $663.66, and Intraday High will be $679.24.  That’s 2.12% over Monday August 20 results.

    Couldn’t you attribute the 670 resistance to OE activity, and the wall of calls at 670?

    [ Edited: 24 August 2012 06:11 PM by rutgersguy92 ]      
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    Posted: 24 August 2012 06:31 PM #554

    Loaded up this week on Jan 2013 and Apr 2013 700 Calls. Didn’t catch the low of the day today, but managed to get a fill in the last 5 minutes on the dip. Planning to hold to the iPhone event. A little more cash in the bank if we see a good sale before then.

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    Long AAPL Short ME 5’3

         
  • Posted: 24 August 2012 06:31 PM #555

    rutgersguy92 - 24 August 2012 09:09 PM
    Gregg Thurman - 24 August 2012 08:39 PM

    With Intraday Highs on:

    Wednesday $669.00,
    Thursday     $669.90, and
    Friday         $669.48

    I would think that $670 is a major resistance point.  So what lies ahead?

    Since August 6, the historical trend showed AAPL going down 1.6% (on average) Week over Week.  In the meantime AAPL’s actual results were (on average) up 3.25% Week over Week.

    Why the change from historic trend?  I have theories, just like everyone else, but the truth is I don’t know.

    Now, today was the last day of a downtrend predicted by historic trend.  Starting Monday the historic trend indicates that AAPL will go up (on average) 3.06% Week over Week until October 1, followed by a short dip to October 12.  Thereafter through earnings AAPL goes on a 4.6% Week over Week tear.  Is this actionable?  I leave that to you.  AAPL did outperform the trend by about 300% through today, but I’m not counting on that continuing unabated.

    Still Monday’s trade activity will be most interesting to watch.  If AAPL just follows the historic trend, Intraday Low will be $663.66, and Intraday High will be $679.24.  That’s 2.12% over Monday August 20 results.

    Couldn’t you attribute the 670 resistance to OE activity, and the wall of calls at 670?

    If you attribute today’s trading to the Max Pain Theory you could.  It’s possible that today’s Close was the result of the following:

    $660 Put OI 12,415

    $665 Call OI 13,458

    With today being OE, I don’t think the market was going to let AAPL get to much below $660, or to much above $665 for the day.  Except for the action immediately following the Open, AAPL traded pretty close to those two Strikes all day long.

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    You can’t do more, make more, be more, than the next guy, if you think like the next guy. Think different.