I think shortinguy is suggesting that this is the top (425) for the next two months. So selling covered calls at the perceived top is smart. I would opt for buying protecitve puts, however. So you are both right! Here are some lollipops.
Yo Rock....did you take my advice? Hopefully you got in at some point this morning. This stock will be up for the remainder of the week so if you are serious about getting in then tomorrow is the day! Good luck.
If you don't already realize it....time to get in NOW for Apple. It'll hit 470 by the weekend. You can all thank me later.
Yo Rock: Here is what you do: buy 50% at whatever price it is at 11:00 am tomorrow (Tue 03/05/13). Then if the stock is going up by end of day Wednesday buy the other half. This week will dictate if the stock is going to do a turnaround or not...and tomorrow morning will be the key.
Sentiment: Strong Buy
Everyone has forgotten about the impact of the 'sequestration'....the markets were on the sidelines to see what the heck was going to happen....hence a relatively positive reaction by Wall Street on both Friday (03/01/13) and today (03/04/13).
Today was a 'tester' for the market....please look at the daily charts and dare me if I am wrong. The markets came up in the last hour today and it will be an up week all week long.
Yes, Apple ended up down but it was much due to the month long haircut. This week, the markets will end up significantly (if the US does not decide to do a pre-emptive strike on Iran, which is likely to happen before June 1st)...and AAPL will end up about 460 or 470 by weeks end.
Please understand that Apple is still a risk only because of a TON of issues going on right now at the company. The biggest reason? Major investors are physically LAUGHING at the iWatch....they laughed and then sold their shares and then they shorted the shares!!!! There are major reasons to be concerned about Apple but there is a major correction occurring this week to the upside. So hold tight until month end...and then, it is anybody's guess. But by end of March Apple should be at the 525 range.
I bought some 465 calls today expiring Mar 16 for 0.33. I don't know when you got in but the chances of AAPL rebounding 40 after a severe headcut is pretty good IMO. I would sell half your position near the close tomorrow no matter what the stock does. Good luck zbc!!!
Sentiment: Strong Buy
I'm sorry....did you say something? I could swear you were doubting me but it must be my ears.
Last 30 mins of trading day volume spiked sharply up (about 1 mill shares) leading to about a 20 cent shave. Looks like the selling has already begun. Down day tomorrow.
Yes, may I offer my opinion...your $10 puts will be worthless, probably about the street value of your crack smoking wh*ore girlfriend
Last week I noticed a huge pop in Jan 2011 65.00 calls (see below). If you get a chance before the market opens today (Wed 12/1) take a look at yesterday's Dec 2010 65.00 volume (3,399). This occurred sometime after 1:00 pm.
Man....something is up and a ton of money is betting that the stock price will stay above 65.00 in the short term.
Coffee - what is even more interesting is that the spike occured on the Jan 2011 calls - if 'they' wanted to play a real quick play 'they' would've gotten into the Dec 2010 calls because of the cheaper premium, but the Dec 2010 call volume was not noticably higher yesterday.
This tells me that possibly something else is coming into play. I can't digest the fact that a stock goes up 10% on a simple broker upgrade - there is something else in the works.
Dude, it's not anybody on this board's fault that your Mets team hired yet another ineffective manager and are now guaranteed to be cellar dwellers. Your Mets are absolutely horrible.
Wow! Take a look at today's volume on Jan 2011 for calls with a 65.00 strike price. Massive volume and happened within last hour or so. I've been watching these like a hawk for 3 weeks.