Not a big fish here, but there once was a time where normal people would come to these boards and discuss strategies regarding a stock...rather than just come here to pump, bash, hate, yell, spam, etc.
Let's discuss strategy. Currently I'm holding a small 35 share core position which I plan on holding until Fall (and probably longer) once we have some more light shed on Apple's new product line. I also have about $16k in powder that I may or may not use to trade AAPL as well. The $450 price may be a short term ceiling and I expect a pullback if we cannot breakthrough $48-50 and maintain for a few trading sessions.
Nice to see there are still some educated people on the board. Thanks for sharing strategies. I'm not entirely comfortable with the options strategies presented but I also cannot trade options in this particular account so I have to play more of a 'pure' strategy. GLTA
Sounds like you have a strategy already, 816? Stay with what you know, is my nickle advice. The old days of posting you mention won't return here anytime soon, if ever? But reading some of this stuff can put bad ideas in your head. you're much better off without those. gl!
you could use the 16K as collateral to sell mini puts at prices you wouldn't mind owning Apple on the weeklys. You would collect the premiums and buy apple at prices you love. I think 430 to 440 put selling would work well...
453 is important (and strong) resistance. We need to break with volume and hold for a couple days. If we do that then I believe we move back to about 505 as next resistance. I often buy deep in the money LEAPS since that gives me fair leverage with high delta but I don't get the dividend. So I sell calls against the LEAPS, especially when the divy is issued. Also that gives me some nice income for my trouble. I like averaging in a few shares daily during the rises but I keep my exposure low until I see clear direction. We have given back the 10% rises a couple times in the past few months so I am willing to sell if I start to approach my average in cost. GL.