Market Curiosity: Exploring Markets And Systems

May 13, 2011

Long AAPL June 340 puts for 7.95 (update 4 May 17) +1%, +58%

Filed under: +0 to +5%, +51 to +75%, Long Puts — Tags: — Jeff Fitzmyers @ 9:10 am

Update: sold for 8.10. +1% Looks like price will bounce a bit?

Price had a chance to drop and didn’t. That’s certainly not crazy bearish.

Update: Bought again at 8.15. The stock just kept looking weak. I don’t expect more than a drop to 325. Since price is near a gap area and a trend line goes through that gap, I wonder if the stock could gap down a few points on Monday??
– Weekly CCI has a long way to fall if it want’s too.
-Monthly CCI is declining.
+ Daily CCI is quite oversold.

May 17: Seems like things will bounce. Took partial profit, then sold the rest a few minutes later. +58%.

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