AAPL Daily Analysis 11/16/2013

BATS:AAPL   Apple Inc
277 0 0
A disciplined way to play options. After playing the option game from the $400 to now, I have reviewed my plays, studies what worked and learned from my mistakes.

When to initiate calls?
- A good place to start seems to whenever the short term resistance is broken (when bullish flag is confirmed). For example, on 7/1, we gapped up and broke the resistance at $407, which was established by the downward cluster. On 7/24, we gapped up again, break apart the downward cluster with resistance at $433.2.

When to sell to close the calls?
- Perhaps a harder questions, especially if you hold longer term options. People tend to hold it longer than necessarily, thinking that eventually it will go up again.
- I like to use RSI as the guide. Consolidation appears to be signaled by > 10% drop on RSI . This appears to be reliable.

Also keep in mind that there is a negative divergence on RSI . Caution advised going forward.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out