PUTS on
AAPL
have been paying large the past few days. Although they have not technically exited yet, CALLS have flagged and a cross of the 23% FIB line will signal both an exit of the PUTS and entry into CALLS.
Unfortunately, this all happens a day before 1st quarter ER, which makes this is risky play. But if you are confident in their earnings, entry would be at $167.41 with a stop loss at $164.73 or 10% (if you're playing options).
AAPL
have been paying large the past few days. Although they have not technically exited yet, CALLS have flagged and a cross of the 23% FIB line will signal both an exit of the PUTS and entry into CALLS. Unfortunately, this all happens a day before 1st quarter ER, which makes this is risky play. But if you are confident in their earnings, entry would be at $167.41 with a stop loss at $164.73 or 10% (if you're playing options).
Trade active:
Barely got our entry today, but we're in. Now we just need the uptrend to continue through ER.
Comment:
Ok, I don't want to count our chickens before they hatch, but those AH numbers are looking pretty good. A bad ER was already baked in due to the pre-ER drop I feel, and looking for us to continue up from here. No specific exit target at this point, but I'll call potential targets and comment as we climb.
Trade closed: stop reached:
Well, that was a disappointing turn, but preservation of cash is priority #1, so this one got stopped out. Waiting for the next set up.