AAPL Intraday Updates - Archive

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    Posted: 31 August 2012 05:05 PM #301

    Aaand, the EO’s don’t have to pay off the 665 puts…

    OK, anyone who ignores this pain phenomenon is now officially an idiot who likes to throw away money. If you must continue to trade and ignore pain range, please just paper trade, and let me direct you to some great animal rescue charities. They are tax-deductible, unlike your weekly option losses.

    JDSoCal - 29 August 2012 11:52 PM

    With that said, and without looking at tonight’s updated numbers, pain range currently sits at 665-669.99.

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    We filed for over 200 patents for all the inventions in iPhone and we intend to protect them. — Steve Jobs, 2007

         
  • Posted: 31 August 2012 05:06 PM #302

    DavidCV100 - 31 August 2012 08:04 PM
    Mav - 31 August 2012 08:00 PM

    Missed it by just 27 cents, Mercel..

    Yeah, this so-called weekly maxpain effect is bunk.

    It’s complete B.S., I agree.  If you’re disputing the theory, then see JD’s post above.

    [ Edited: 31 August 2012 05:10 PM by ByeTMO ]      
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    Posted: 31 August 2012 05:10 PM #303

    Mercel - 31 August 2012 08:05 PM
    Mav - 31 August 2012 08:00 PM

    Missed it by just 27 cents, Mercel..

    Yeah well, some unexpected turbulence forced me over a few feet.  We landed safely, no?  I’m not complaining.  In fact, the close above $665 is bullish, even if by pennies.  I would expect AH would close in the green. 

    I bought back what I sold earlier in the day, so next week we get the announcement of Sept. 12 for a new iPhone.

    Mercel, pain range was 665-669.99 all week. See previous post.

    Strike Calls     Puts
    660   4,664     10,291  
    665   8,659     9,297   
    670   16,009  7,791  
    675   12,199   5,245

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    We filed for over 200 patents for all the inventions in iPhone and we intend to protect them. — Steve Jobs, 2007

         
  • Posted: 31 August 2012 05:24 PM #304

    JDSoCal - 31 August 2012 08:10 PM

    Mercel, pain range was 665-669.99 all week. See previous post.

    Strike Calls     Puts
    660   4,664     10,291  
    665   8,659     9,297   
    670   16,009  7,791  
    675   12,199   5,245

    The difference between puts and calls was too close to call, and I was betting on this side of $665.  Today, the difference mattered.  It was interesting that the margin held all day to land above $665.  Nonetheless, I traded around $665 all day, knowing the location of touchdown, whether it was cents over or under.

         
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    Posted: 31 August 2012 05:26 PM #305

    Mercel - 31 August 2012 08:06 PM
    DavidCV100 - 31 August 2012 08:04 PM
    Mav - 31 August 2012 08:00 PM

    Missed it by just 27 cents, Mercel..

    Yeah, this so-called weekly maxpain effect is bunk.

    It’s complete B.S., I agree.  If you’re disputing the theory, then see JD’s post above.

    Not disputing at all, but would prefer if you would pilot us to $700 next week, thx.

         
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    Posted: 31 August 2012 05:33 PM #306

    DavidCV100 - 31 August 2012 08:26 PM
    Mercel - 31 August 2012 08:06 PM
    DavidCV100 - 31 August 2012 08:04 PM
    Mav - 31 August 2012 08:00 PM

    Missed it by just 27 cents, Mercel..

    Yeah, this so-called weekly maxpain effect is bunk.

    It’s complete B.S., I agree.  If you’re disputing the theory, then see JD’s post above.

    Not disputing at all, but would prefer if you would pilot us to $700 next week, thx.

    Don’t worry David, I got the sarcasm.

    Man I hate that holidays always fall on Mondays.

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    We filed for over 200 patents for all the inventions in iPhone and we intend to protect them. — Steve Jobs, 2007

         
  • Posted: 31 August 2012 05:37 PM #307

    DavidCV100 - 31 August 2012 08:26 PM
    Mercel - 31 August 2012 08:06 PM
    DavidCV100 - 31 August 2012 08:04 PM
    Mav - 31 August 2012 08:00 PM

    Missed it by just 27 cents, Mercel..

    Yeah, this so-called weekly maxpain effect is bunk.

    It’s complete B.S., I agree.  If you’re disputing the theory, then see JD’s post above.

    Not disputing at all, but would prefer if you would pilot us to $700 next week, thx.

    I’ll see what I can do.  I’ll get my charts from http://www.theocc.com later this evening.  Confirmation of Sept. 12 next week should be good for $10 anyway.

         
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    Posted: 31 August 2012 06:53 PM #308

    http://www.cnbc.com/id/48864007/

    Pisani article discussing how Sept is historically aapl’s worst month, plus more iPhone 5 parts shortages fud . . .

    As Goes Apple, So Goes September
    Published: Friday, 31 Aug 2012 | 4:44 PM ET Text Size
    By: Bob Pisani
    CNBC Reporter

    What’s going to happen to stocks in September? I said this week that if you can tell me what will happen in Europe, and what will happen with Apple, I can tell you what will happen to the stock market. (Read more: Stocks Lifted by Fed, Close Higher for August)

    My friend and former producer, Robert Hum, told me that not only is September the worst month for the S&P 500, it is far and away the worst month for Apple [AAPL? 665.24?  ? 1.372? (+0.21%) ?    ] as well.


    Since 1986, Apple is down an average 3.4 percent in September versus the Nasdaq Composite, which is down an average of 0.2 percent and the S&P 500 which is down 0.8 percent on average.

    September is 1 of just 2 months that Apple has averaged a decline in the last 26 years.

    Here are the monthly stats Robert provided to me:

    Avg. Performance for Apple:

    September -3.37%

    June -2.16%

    December 0.71%

    May 1.35%

    February 2.47%

    November 2.54%

    July 3.59%

    April 3.63%

    March 4.32%

    August 5.53%

    October 5.82%

    January 6.36%

    There?s plenty of reason besides this to think September could be volatile for Apple: there is all sorts of talk that the iPhone 5 might be delayed by parts shortages. (Read more: iPad Mini ‘Would Kill Most’ 7-Inch Rivals)

    ?By CNBC?s Bob Pisani

    _____________________________
    Bookmark CNBC Data Pages:

    [ Edited: 31 August 2012 06:55 PM by DavidCV100 ]      
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    Posted: 31 August 2012 07:07 PM #309

    For the record, I believe in the existence of, uh, pinning forces?  Just so there’s no misunderstanding.

    I wish I’d had the guts for something like 660/665/670 butterflies.

    Don’t you tell me you did, Chas!  I can’t hear you! LOL

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

         
  • Posted: 31 August 2012 07:29 PM #310

    As is typical of CNBC, Pisani doesn’t have any insight so the lazy analyst falls back on what Apple and the stock market did historically.

    August should have been terrible for Apple, too.  It wasn’t.  Pisani can go ahead and gin up some FUD on iPhone shortages, but I wish he would get his noggin out of the link bait and into what’s just ahead for Apple.  His understanding of Apple is more superficial than Paris Hilton.

    Unlike last year, we know the iPhone 5 announcement, its launch and a new product from Apple in Sept-Oct.  Sadly, we also know the fate of S.J.  Catalysts matter and unless EU foils the market once again (and I don’t think they will), AAPL isn’t done yet.

         
  • Posted: 31 August 2012 07:49 PM #311

    Mercel - 31 August 2012 10:29 PM

    As is typical of CNBC, Pisani doesn’t have any insight so the lazy analyst falls back on what Apple and the stock market did historically.

    August should have been terrible for Apple, too.  It wasn’t.  Pisani can go ahead and gin up some FUD on iPhone shortages, but I wish he would get his noggin out of the link bait and into what’s just ahead for Apple.  His understanding of Apple is more superficial than Paris Hilton.

    Unlike last year, we know the iPhone 5 announcement, its launch and a new product from Apple in Sept-Oct.  Sadly, we also know the fate of S.J.  Catalysts matter and unless EU foils the market once again (and I don’t think they will), AAPL isn’t done yet.

    Sheesh, be careful with your writing! I can’t tell if you’re claiming Paris Hilton doesn’t understand Apple, or Pisani doesn’t understand Paris Hilton wink

    Anyway, I’m kind of thinking continued bullishness through all these announcements and Q4 earnings, then going down the tubes in November during a news lull, with the uptrend returning in December in anticipation of Q1 earnings.

         
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    Posted: 31 August 2012 09:03 PM #312

    Mercel - 31 August 2012 03:08 PM

    Sold (from yesterday).  Bought.  Sold.  $8k.

    Ignoring traditional TA is a competitive advantage.  LOL

    I do follow Max Pain, however, and this morning’s dump was ripe for a recovery.  The Bearded One gave an assist.

    Off to work…

    Whatever works for you, Mercel!!  I’ll cheer for you!! smile

    Mercel - 31 August 2012 07:03 PM

    Who knew the EO’s could pilot AAPL’s touchdown so smoothly into the close. 

    Traffic control to EO’s:  “Please use jetway #664.97”

    EO’s to Traffic control:  “Roger, Over and Out…”

    ROFL!!

    omacvi - 31 August 2012 03:15 PM

    i still see 670+ by end of day

    Time for an eye exam? wink

    awcabot - 31 August 2012 06:27 PM

    I think we’re headed to the 20d MA, currently at $649.20. Too many black bars.

    Agree.

    [ Edited: 31 August 2012 09:18 PM by lovemyipad ]      
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    Posted: 31 August 2012 09:06 PM #313

    JDSoCal - 31 August 2012 06:30 PM

    665 puts to the rescue?

    Indeed!!  I was glad to see that put floor holding today…