I purchased next week’s 450 calls at a price of 3.50.
Will be posting a chart in a moment.
I am a dip buyer here in this name. I took a swing and missed this week, but took another long looking for some strength next week.
Here’s the deal; there is one good trade left in AAPL this year. Just one.
When the stock clears $460, it will trade almost immediately to $500. After that, it is over.
I am going to selectively start buying dips in AAPL til this happens. I got fortunate and happened to buy this, during a recorded presentation that I will post later today, which also explains my short term views on the market.
Mind that volume pocket in AAPL. When prices trade through it and hit $500, quickly forget about this stock. That will be the easiest money left in it this year.
OA
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Thank you for your posts. They are most excellent.
You have been amazing OA!
Thanks for all that you do.
Can you please clarify what you mean about this being a trade you are waiting on and will add on dips in effort to capitalize on a 460 to 500 move in AAPL. How can you use this strategy with weekly options if it is more of a “developing” strategy?
JB,
If I can pick my spots I might be able to swing some decent longs around here. Ultimately I want to be in an AAPL long when it decides to go. Each week I try to focus on where the low in AAPL will be and put myself in a long there. Then, when AAPL decides to break, I will experience the mother of all gains.
great strategy….lay out crumbs each week, and in one of those weeks, reap a loaf shortly. Love it.
It pays 100 x’s better than buying into the great chase.
Couldn’t agree more OA. It is still my belief that it will not close down on the year (unless they don’t come out with new product) then yes $500 will surely be a top for this year.
That’s it. I’m a believer in OA….I’m convinced!……just about to become a subscriber!!.
mission accomplished!
How so?
Hi, oa,you are amazing. Glad to have you here.
Nice call on amzn,gs. Followed amzn and made some coins
I will skip apple this time. The reason is up day volume is less than down day volume. I will wait until it clears 450 and prove itself.
Great to have you here. Pls ignore fly jr.
John, I can see this as being an easy trade to pass on.
Too many people get burned with this one. It has sentimental value to me this year, only because it was my single best trade this year.
Hi OA,
would you enter new bbry / deck / bidu / gmcr positions here? Thx!
If you have DECK, GMCR keep them on.
Buy dips in BIDU.
Man, epic squeeze here.
Ouch.