InvestorsHub Logo
Followers 294
Posts 9254
Boards Moderated 2
Alias Born 04/22/2005

Re: None

Thursday, 07/09/2015 8:22:36 PM

Thursday, July 09, 2015 8:22:36 PM

Post# of 364056
Why you need to be in the OM live chat room. Spend a little money, lower your risk and still make multibaggers.

For a little over a week I have been talking about AAPL fading due to some basic technicals on a daily chart.
Here's my setup
3/5/8 ema
50ema
50sma
200sma

I noticed on 6/29 when appl fell through the 50 ema and sma and mentioned to keep an eye on it for conffirmation of that breakdown. If it held, I thought it might fall down to the 200 sma(just below 120.00) in a week or so.
On 7/6 I legged into this trade
Buy 10 124wp .39 -390.00
Sell short 10 123 wp .28 +280.00
This spread cost 110.00
The next day, I sold the spread for .49 0r 490.00

7/7
Buy 20 122p .17 -340.00
7/8
Sell 20 120wp .21 +410
This trade paid me a credit of 70.00. If I held these until expiration I would make 70.00 if AAPL is above 122 and 2070.00 if below 120
7/9
Sell 10 122/120 put spread at .41 +410.00
Sell 10 122/120 put spread at 1.40 +1400.00

When AAPL got below 120.00 today took a bullish stance.
ER position:
BUY 5 July week 4 120C 3.88 -1940.00
Sell short 5 week 4 121c 3.35 +1675.00
This trade cost me -265.00
The max profit on this is 470.00 if AAPL is above 121 in two weeks.

Buy 10 120wc .51 -510.00
Sell 10 121wc .20 +200.00
This trade cost me 310.00
If AAPL closes above 121 tomorrow the profit will be 690.00


Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.