670 is the spot... the further they deviate from this mark... the more money the market makers lose! While it may close plus or minus ten points this number... you are smoking crack if you think the market makers are going to let this thing go any higher than 685 and most likely 680 is the peg target!
aapl has too many calls relative to puts at this level on the weeklies and the monthlies. it will cause a lot of resitance. amzn (esp) and goog have too many puts relative to calls at this level and reacts the opposite.
The bots control everything. These stocks are hedge fund favorites and the weekly options control the stock price. Amazing how the stock price tends to do almost the opposite of what the majority thinks it should do. This market is so rigged that I'm not surprised by anything. Frustrated that they continue to put the clamps on AAPL, but not surprised.
You are correct! For those newbs out there, even though you don't think you are, the computer programs are set to move the price within certain pre-determined ranges. It takes a catalysts to move the program beyond the algorithim. Even at that point, the institutions will come in and manually over ride the program to keep the stock in control. Like a poster said on this thread, AMZN and GOOG both had extreme high put to call ratios due to being in a topped out range. The big money is made by allowing them to run just before all those puts expire. On the other hand, AAPL is heavyily weighted to calls, due to being under valued. The institutions know the stock will move but they will not allow it on expiration days. They always keep it range bound on Fridays... and usually Thursadays as well. This milks value out of the weekly contracts the thieves have written and sold to the goof balls posting on this forum.
Nothing to do with weekly options or we wouldn't have run up $100 in the month after earnings. Apple moved up big early in the week. The market is digesting the Kindle and holding it's breath on the new iPhones. What's a bit under the radar is a new slew of iMac, Mac Book Pro 13 ' with retina and possible new Mac Pros.