Description
AAPL makes ATH today and closes above, signaling supply is exhausted.
Using long calls.
Long Call
Levels on Chart
SL < 157
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/26 162.5C
R/R & Breakevens vary on fill.
The long call is placed to achieve desired debit.
Manage Risk
Only invest what you are willing to lose
AAPL makes ATH today and closes above, signaling supply is exhausted.
Using long calls.
Long Call
Levels on Chart
SL < 157
*Stops based off underlying stock price, not mark to market loss
The Trade
BUY
11/26 162.5C
R/R & Breakevens vary on fill.
The long call is placed to achieve desired debit.
Manage Risk
Only invest what you are willing to lose
Trade active:
Filled @ .97
Trade closed: target reached:
Closed this near EOD today. Tomorrow is my last day to get out of positions that expire this week due to the holidays, and the action of AAPL today made it easy to decide.
The gap up was looking good and appeared to be a runaway gap around 10:15, but as the day progressed and it sold off it looks more like an exhaustion gap.
Filled @ 1.59, +64%
The reason I didn't close this at 10:30 is because the gap candle needed time to play out.
Cut your losses and let winners run
A viable strategy, given the same week options, would be to close a portion of the position on the run up this morning, knowing you would not be holding past tomorrow anyways.
I did not have this option due to travel.
The gap up was looking good and appeared to be a runaway gap around 10:15, but as the day progressed and it sold off it looks more like an exhaustion gap.
Filled @ 1.59, +64%
The reason I didn't close this at 10:30 is because the gap candle needed time to play out.
Cut your losses and let winners run
A viable strategy, given the same week options, would be to close a portion of the position on the run up this morning, knowing you would not be holding past tomorrow anyways.
I did not have this option due to travel.