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Re: steved_45 post# 87217

Thursday, 03/01/2012 5:22:52 PM

Thursday, March 01, 2012 5:22:52 PM

Post# of 147999
What's your opinion on the overbought situation with AAPL as it relates to the next 4 trading days? As March 7th they will unveil the new I-Pad3 in San Francisco, what are your thoughts as far as the chart looks and as as what your feelings are for the share price prediction over the next 4 days?

I sold a good portion of my March 565 calls after achieving over a 200% gain this morning. I had quite a few of them and even though we could go higher, the time decay factor was already affecting the call option price significantly today. It would appear that the shorts did not want the stock to break 545 for the greater part of the trading day today.

Disclaimer: Anything I post is my opinion which is subject to change. I accept no responsibility for anyone who chooses to take any action based upon anything I post.
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