Thursday, September 07, 2023 11:35:21 PM
September 7 - Flow Update $AAPL
There hasn't been much to see yesterday and today. The only one that stands out is AAPL. These flagged trades are actually not too significant in the context of AAPL, BUT they are a trade that's right on. China news has hit AAPL pretty hard in the last few days, at one point pushing AAPL down about 4% at the open. I mentioned to a trading friend in premarket that it will end up being an overreaction (for now at least) and when it bounces, it'll pull the whole market up with it. You actually saw this play out today - from about 9:45am, after AAPL put the bottom in, the market started to levitate (we opened up -1.3% and closed -0.70%, which on QQQ is significant)
So these trades here I think will do well. End of month and $10 OTM. They don't need to, nor likely they will hold that long, but could easily capture a few point bounce in the next few days -- just like we saw today on it from 173 to 178. That's a mighty move in options and AAPL options are not expensive.
There hasn't been much to see yesterday and today. The only one that stands out is AAPL. These flagged trades are actually not too significant in the context of AAPL, BUT they are a trade that's right on. China news has hit AAPL pretty hard in the last few days, at one point pushing AAPL down about 4% at the open. I mentioned to a trading friend in premarket that it will end up being an overreaction (for now at least) and when it bounces, it'll pull the whole market up with it. You actually saw this play out today - from about 9:45am, after AAPL put the bottom in, the market started to levitate (we opened up -1.3% and closed -0.70%, which on QQQ is significant)
So these trades here I think will do well. End of month and $10 OTM. They don't need to, nor likely they will hold that long, but could easily capture a few point bounce in the next few days -- just like we saw today on it from 173 to 178. That's a mighty move in options and AAPL options are not expensive.
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