ct586283

ct586283

I think SPY will level out and head back upwards, but I am not a day trader and my horizon is 1 week to 5 weeks out. I tried to show you this chart the other day but I must be doing something wrong because the chart wouldn't load. I will copy the text from that other chart back in here so you can reference it. Also, do research on Chris Moody and his indicators....

ct586283

I currently only sell Credit Spreads, I just like the idea of getting money versus Debit Spreads where I have to pay. Plus I am still a "beginner" when it comes to Credit Spreads. I want things simple. I wait for what I think is a short term top and sell some Bull Call spreads on SPX not SPY (SPX in a retirement account settles differently and they can't call...

ct586283

UPDATE: Had my 3rd signal today. I plan on holding my Covered Call and Cash covered put until later since the market is closed Friday. Both are currently profitable but I may cash out of both options before earnings and just hold my shares. I think i may start selling PUTS in SPY to avoid all this "earnings" tension.

ct586283

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...

ct586283

UPDATE: I bought my covered call back since I got 90% of the value and I don't want to leave it open until Saturday. This trend might continue for a few days or a week but I am just holding my shares until I see support hit. With earnings coming in a few weeks I am looking at selling another covered call above $555 for the end of April and selling a PUT below...

ct586283

I just wanted to review some recent signals and how having multiple indicators sometimes saves you the whipsaw in and out of a stock. For my weekly AAPL trading style this works: 1. Watch for indicators: a. MACD crossover b. KPEI script crossover c. KST crossover d. Donch. Channel signal of 2 bars above (going UP) or below (going down) middle...

ct586283

All four of the indicators I follow on AAPL finished triggering today. AAPL has minor FIB support at 525 but could see 515 again in the coming weeks. I don't see AAPL bouncing back up to my $550 strike price before March 22nd (so I will hold the covered call i sold) and will just watch closely and possibly buy some calls if the $515 mark is hit and holds.

ct586283

Last Update: I sold off the Calls I bought on Feb 28th with a small loss. Timing is everything. I just wanted to post so people can see that when you have money on the line your emotions sometimes make you back out of a trade. The April 11 calls I bought had about a $200 profit last week, about 8% up for the week. But then I decided to let it ride and soon...

ct586283

Long for the next week. This was an update for a previous chart from last Friday. 3 out of 4 indicators are good enough for me to buy some calls for the mid-April timeframe.

ct586283

With a variety of indicators showing AAPL may move higher I plan to move back into buying some April or May Calls. The March calls seem a bit overpriced right now but that is also an indicator of people believing a move is about to happen. I just think its upwards right now. Although there is resistance at $550 ish.

ct586283

I am a short term SHORT right now and normally am a long term LONG on AAPL. However I want to make sure it can hold the $515 mark and $500 mark before making any other long term decisions.

ct586283

I was reviewing a variety of charts and just wanted to give myself some visuals of what to watch for as AAPL earnings approach on the 27th. I am leaning towards LONG but wanted to visualize what could happen and have money ready if AAPL actually breaks through what I see as resistance. Also if we get an earnings surprise to the upside and a Gap up, I want to be...

ct586283

I am LONG on AAPL stock but jump in and out of Options on a weekly basis. The Gap back to $546 will probably be filled before earnings. I am therefore sidelining my Option money and sitting on my stock. As earnings approach I will be looking for opinions more educated than mine to determine if I buy more Calls or a few Puts. By the way does anyone know of an...

ct586283

I bought back some covered calls I sold and now will wait to see if AAPL rebounds in the coming weeks or levels off. I don't see any large declines on the horizon.

ct586283

Again, I am long term, long APPL but 2 bars below middle channel should be watched carefully and makes me Short for the week. My other concern is a small gap at the $546 mark which I thought might get revisited during the next downturn.

ct586283

Just noting that Appl sometimes goes into short term down swings when it has two bars below the center DC line.

ct586283

Not convinced of a major move but I'm long for the coming week.

ct586283

We'll see what happens tomorrow.