they keep the PPS down this morning to allow the "smart money" to buy upside calls cheap...then they will tun this up to the higher strike price allowing these folks to sell them this afternoon for the "esy money"
Wash, rinse, repeat on OE days...either up toward a strike after cheap calls are bought or down toward a strike once cheap puts have been bought...
look for a close today of approx 443.70 to 444.50 after being held close to 440 most of the day
at the very least they will move this in that direction aggressively at some point to allow those buyers to sell at a profit before the close...I am predicting market closes green at all time high, and APPL closes closer to 445 than 440...buy now
all the way up to 450 strike that expires today...
I'm in with the 440's as of this morning early
ride this up folks
you need to know...buying today was on rumors...better be big news or the volume selling over the next few days will be much higher...imo
I believe...there is SOMETHING going on because the MM's do not lose control of a big stock like this unless there is just too much volume to overwhelm them...that happened here today but there does not appear to be MASSIVE volume that will sustain this move...imo. Unless this news is really BIG, this will re-trace and probably make 52 week lows within a couple of weeks...
They might be sending like a "bat signal" to their friends warning them that they intend to take this down this afternoon...looks like the entire market might be down this afternoon on profit taking for the week...been up pretty big all week, may want to just go home for the weekend and count their money.
Apple max pain today is 430...I am thinking they are giving everyone a chance to sell out here and then they will pin this in the 425 range...
gl trading
I am long calls so I want to see the price go up...
but that was funny!
most likely next move is higher...look at the call options in the 720 725 730 area...also look at the overall market...there appears to be no real selling pressure here...buy those cheap calls now is what I am doing while the stock looks weak.
I don't know. Neither does anyone else on this board. That said, I look for a close near 720 tomorrow based on what I am seeing in options trading. This stock appears to be "basing" in this area after earnings and because the earnings were "good"...this should be trading higher than it was a week ago before earnings when the stock was trading 710+
Good luck trading...