It’s really as exciting as this big earnings announcement on AAPL this week. I know you are all eager readers of my articles and I write about AAPL at least twice a quarter. This time, I’m discussing again, my plans and objectives.
This time, it will be quite simple. If AAPL opens above $120, it’s gone. Likely hitting $130 before the end of the year.
If AAPL gaps down, but opens above $110, I still would be relatively bullish on it, especially on the weekly charts.
If AAPL does open below $110, sure, I’m bearish until at least $103.00. The open will be very key Wednesday morning. I still hold January $120.00 calls and many of my friends and real life traders are also in shares, some with the November $130 covered call.
We will see what happens, but with this gap up, I think it would be similar to the recent NFLX gap. A breach of $120 and we will be seeing higher highs. Just my thoughts. Play what you see and play what you plan. Let me know if you have any questions.
Perhaps you might want to know exactly how I’ll be playing AAPL’s options. If so, click here to check out my brand new weekly options newsletter. I’ll be posting a new set up and analysis only hours after the posting of this article.
