AAPL working up to 543.00's then higher into mid April
Great options trade! Long side took some major gains already this morning and will more than likely close the rest of this trade position net long by early this afternoon or much earlier upon trade reaction to econ news reaction 10:00am Eastern time.
AAPL...taste good! As expected price increase went higher into April. This current price level of around 571.00 - 571.94 within about a 5 dollar range has been the easy money trade target. I am expecting this range to break higher than 575.14(maybe Monday) but would like to see a period of more or less flat volatility in both price and time before another break higher. I really do not want to see to much of a retrace downward gap fill event after earnings as this would show continued Fund position building... but it would be normal to see some retrace helped along by professional fade traders.
In my opinion...to trade AAPL... you need to have some size in the Equity Account for proper Money Management and you must be able to accept some unrealized draw down. Not adding in Fundamentals but just looking at price alone I would say AAPL would still be healthy all the way down to around 540.50's and if a retrace that low happens would expect larger buyers to show up. At the same time I would not at all be shocked to see upward price of 600.00... This pricing is based on current share structure.
KNOW YOUR RISK AND REWARD THEN RESPECT IT ON EVERY SINGLE TRADE.
Having said the above about AAPL and reiterating how important it is to control risk through disciplined trade plan processes...I FEEL IT NECESSARY TO REPEAT THE STATEMENT AGAIN... NOT ONLY ABOUT AAPL BUT ABOUT ALL STOCKS AND MARKETS... "PRESERVE CAPITAL AND CONTROL RISKS AT ALL COST"