On April 9th i sold some April 25th options. I sold two cash covered puts, one at $515 and one at $500, and sold one Covered call at $555. I thought apple
might dip to about $515 and I was thinking of buying more shares. Soon after we had two signals pointing up (barely) and now they are down again. With earnings
coming I decided to be more careful. l decided to cash out of the $515 put for a whooping $2 gain but I left the $500 strike in place. I have seen other charts predicting a large downturn and i respect others opinions. My concern is a drop below $500 after earnings
For my weekly AAPL
trading style this works:
1. Watch for indicators:
b. KPEI script crossover
d. Donch. Channel signal of 2 bars above (going UP) or below (going down) middle channel line. When you get 2 bars the trend continues for several days.
2. You really want to see 3 indicators in agreement. Waiting for the 4th sometimes causes opportunity loss.