Replies to post #4503 on Langlui's Big Board and Options Plays

[langlui]

sure. let's start with AAPL. I see a trading range in AAPL from $160 to $165, $165 - $170. AAPL has STRONG support at $160. Tested it today and held on.

Now since I think the trading range is $160 to $165... AAPL closed at $160.20 today and that's a perfect entry. In this example, I believe AAPL should head back to $165, so I am going to get the AAPL May $165 call option at $8.7. I am going to stick to my believe and sell the option as AAPL gets closer to $165.

BTW, AAPL will report earnings tomorrow in AH. I will try to sell the call option before the close only because I don't want to hold thru earnings, unless I get a $155 put option to go with the $165 call.

Let's continue on with this example tomorrow and see how we do.

[MrBigz]

estimator - r u a chartist?

If so, what is your opinion on appl

thx