carlmuck
9:41 am on September 10, 2010 - 617 days ago
I sold my october 250′s for a nice 4.25 profit yesterday, purchased Sept 260 puts on the open. Expect to make a little of money today. Buying back on the bull side at the close today.
sworoc
10:32 am on September 10, 2010 617 days agoReply
I’m out at 262.4, no telling what will happen tomorrow on the 9/11 anniversary.
I’m sure I will get back in if things look good next week.
liuzinho
10:53 am on September 10, 2010 617 days agoReply
I’m waiting for a pullback. Out at 264
mikeinmontreal
1:24 pm on September 10, 2010 617 days agoReply
I say 263 close. Sold some calls this week to have cash in case they take her down again. 6 weeks until Earnings and no catalysts for the stock and still too many problems globally in an economic sense. Plus they need to take profits on that quick 235-265 run. But who knows markets may take off, taking Apple with it.
conshmillo
2:52 pm on September 10, 2010 617 days agoReply
Trouble is that daily and weekly technical indicators are in contradiction. That’s why I said this week markets will end up in wash. Tough to make good overnight trades in non directional market. On weekly basis, that is next week, I expect markets to pull back a little but in monthly view (next 4 weeks), I believe we’ll still go higher. At least that’s what it looks like it to me technically today.
I wanted to go negative today already, to set myself up for next week, but intraday DIA/DJIA were still showing strength and possible breakout higher before the close. Which is pushing AAPL higher too. So one hour before Friday’s close AAPL has equal probability to be going after 260 as it has going after 270. But looking at AAPL/DIA lag though, AAPL is trailing, not leading the DJIA, so I guess those who have money to move the markets were/are shooting for 260 as a target into the close.
RattyUK
3:00 pm on September 10, 2010 617 days agoReply
Andy Zaky went bullish and then immediately went bearish earlier in the week…
First by posting:
Apple headed straight to $300
and then:
Surging Put-to-Call Ratio Today (3-to-1) on the Indices
He updated his original article with the following para:
“Just as I start to get bullish on equities, we see a 3-1 put to call ratio on the CPCI. That is extraordinarily bearish. The facts changed, so do I. No longer long Apple, and I’m back in cash. Be careful. It doesn’t mean everything is going to hell in a hand basket, but it does suggest people should be very cautious. Lets see how this plays out over the next few trading sessions. If options normalize after some selling, I may get long again.
Disclosure: All cash.”
Andy is very positive about Apple just not so much about the market.
carlmuck
5:02 pm on September 10, 2010 617 days agoReply
Well, that didn’t go as I expected. My 260 puts went profitable at the start and then bounced around. Got out for what I paid (lost the transaction costs). But I didn’t pull the trigger on any additional long positions. After yesterday’s major fade at the close, I expected that to continue down to 260 range, it didn’t happen. By 2:00 I sat waiting for the “typical” late day friday swoon and it just didn’t come in. Put’s kept falling (even with the underlying falling) which I’m taking as a bullish sign for next week,
I “feel” that we’ll see a good week next week, but with the market not acting as I’d expected I second guessed myself out of putting $ at risk.
mikeinmontreal
5:11 pm on September 10, 2010 617 days agoReply
Zaky added another post on his blog with respect to that Put-Call activity….
sworoc 10:32 am on September 10, 2010 617 days ago Reply
I’m out at 262.4, no telling what will happen tomorrow on the 9/11 anniversary.
I’m sure I will get back in if things look good next week.
liuzinho 10:53 am on September 10, 2010 617 days ago Reply
I’m waiting for a pullback. Out at 264
mikeinmontreal 1:24 pm on September 10, 2010 617 days ago Reply
I say 263 close. Sold some calls this week to have cash in case they take her down again. 6 weeks until Earnings and no catalysts for the stock and still too many problems globally in an economic sense. Plus they need to take profits on that quick 235-265 run. But who knows markets may take off, taking Apple with it.
conshmillo 2:52 pm on September 10, 2010 617 days ago Reply
Trouble is that daily and weekly technical indicators are in contradiction. That’s why I said this week markets will end up in wash. Tough to make good overnight trades in non directional market. On weekly basis, that is next week, I expect markets to pull back a little but in monthly view (next 4 weeks), I believe we’ll still go higher. At least that’s what it looks like it to me technically today.
I wanted to go negative today already, to set myself up for next week, but intraday DIA/DJIA were still showing strength and possible breakout higher before the close. Which is pushing AAPL higher too. So one hour before Friday’s close AAPL has equal probability to be going after 260 as it has going after 270. But looking at AAPL/DIA lag though, AAPL is trailing, not leading the DJIA, so I guess those who have money to move the markets were/are shooting for 260 as a target into the close.
RattyUK 3:00 pm on September 10, 2010 617 days ago Reply
Andy Zaky went bullish and then immediately went bearish earlier in the week…
First by posting:
Apple headed straight to $300
and then:
Surging Put-to-Call Ratio Today (3-to-1) on the Indices
He updated his original article with the following para:
“Just as I start to get bullish on equities, we see a 3-1 put to call ratio on the CPCI. That is extraordinarily bearish. The facts changed, so do I. No longer long Apple, and I’m back in cash. Be careful. It doesn’t mean everything is going to hell in a hand basket, but it does suggest people should be very cautious. Lets see how this plays out over the next few trading sessions. If options normalize after some selling, I may get long again.
Disclosure: All cash.”
Andy is very positive about Apple just not so much about the market.
carlmuck 5:02 pm on September 10, 2010 617 days ago Reply
Well, that didn’t go as I expected. My 260 puts went profitable at the start and then bounced around. Got out for what I paid (lost the transaction costs). But I didn’t pull the trigger on any additional long positions. After yesterday’s major fade at the close, I expected that to continue down to 260 range, it didn’t happen. By 2:00 I sat waiting for the “typical” late day friday swoon and it just didn’t come in. Put’s kept falling (even with the underlying falling) which I’m taking as a bullish sign for next week,
I “feel” that we’ll see a good week next week, but with the market not acting as I’d expected I second guessed myself out of putting $ at risk.
mikeinmontreal 5:11 pm on September 10, 2010 617 days ago Reply
Zaky added another post on his blog with respect to that Put-Call activity….