Blue, I will PM you this as well but I would close out those puts immediately. I could be right, I could be wrong, but 50 SMA on the 1 hour chart just slapped the price at close, and the RSI is at that magic 45. Bank your profits of about $3220, in my opinion. Don't try to squeeze a few bucks either, I'd buy the ask and be done with them for now.
RSI is now 35. 20 day is $500 (I cant reliably keep this updated though you need to monitor this on your own :)
20 day dropping by about $5 per day. RSI at 45 would trigger a cover for me to be honest with you. Time is on your side though at least being short the puts.
Glad you took the play blue! Looking good so far. My suggestion would be to cover this before expiration if the share price approaches the 20 day moving average OR if the RSI nears 50. If it gets there you're looking at a cheap cover anyways ... don't be greedy. AAPL is still considerably oversold so I think you'll see appreciation over the coming week. Any RAPID appreciation should be sold into at RSI 50 which could come with 2 days of strong gains.
Let me know how you do :)
And yes... AAPL investors are quite passionate. :)
As long as the Lion brushes its teeth first, I'm all good.
SIRI at $2.92.... may be awhile or may not come for a very long time. That's 50 day MA territory right now and the price just bounced the 20, and we're leading into the Feb call with good expectations. Will take a bear retrace to hit that $2.92 soon, and a big bear market to pull it past later.... though I suspect buybacks wouldn't let it get there. Big buying on Friday despite low volume.
Perhaps... could go lower :) But somewhere it's gonna flip. I think $400 is safe enough for a mid to long term play... short term "guess" on the bounce point though could find someone roasted out in short order (weekly or monthly options, for instance).
I wouldn't doubt it goes on. I've been offered at times incentives to write for / about certain stocks since I started writing for SA (not from SA but from outside contacts / sources). Typically they are stocks I have never ever heard of, though... and my article history should show that I have written 99% of my content for SIRI only.
I'm sure some will take the incentives but I think most simply write about their own personal opinions. For many... it's not about being right or wrong, but rather hearing themselves talk. (that could be said about myself to some extent too... I'm just offering my opinion, take it or leave it)
For me, writing about AAPL was just something I wanted to do for awhile now. I have two articles I wrote but never submitted last year advocating selling / overbought in the 600's. I thought I'd just wait until I felt it was about to bottom / go up instead and write more on the bullish side to keep away from the bloodbath in the comments. Doesn't much matter apparently... this was more than I expected here, but at least I braced myself for it ;)
And for what it's worth, I'm an average retail investor myself :)
I'd Pay $400 For 'This Apple' [View article]
I'd Pay $400 For 'This Apple' [View article]
RSI is now 35. 20 day is $500 (I cant reliably keep this updated though you need to monitor this on your own :)
20 day dropping by about $5 per day. RSI at 45 would trigger a cover for me to be honest with you. Time is on your side though at least being short the puts.
I'd Pay $400 For 'This Apple' [View article]
Let me know how you do :)
And yes... AAPL investors are quite passionate. :)
I'd Pay $400 For 'This Apple' [View article]
I'd Pay $400 For 'This Apple' [View article]
SIRI at $2.92.... may be awhile or may not come for a very long time. That's 50 day MA territory right now and the price just bounced the 20, and we're leading into the Feb call with good expectations. Will take a bear retrace to hit that $2.92 soon, and a big bear market to pull it past later.... though I suspect buybacks wouldn't let it get there. Big buying on Friday despite low volume.
Good to see ya in here :)
I'd Pay $400 For 'This Apple' [View article]
I'd Pay $400 For 'This Apple' [View article]
I'd Pay $400 For 'This Apple' [View article]
I'd Pay $400 For 'This Apple' [View article]
I'd Pay $400 For 'This Apple' [View article]
I'd Pay $400 For 'This Apple' [View article]
I'm sure some will take the incentives but I think most simply write about their own personal opinions. For many... it's not about being right or wrong, but rather hearing themselves talk. (that could be said about myself to some extent too... I'm just offering my opinion, take it or leave it)
For me, writing about AAPL was just something I wanted to do for awhile now. I have two articles I wrote but never submitted last year advocating selling / overbought in the 600's. I thought I'd just wait until I felt it was about to bottom / go up instead and write more on the bullish side to keep away from the bloodbath in the comments. Doesn't much matter apparently... this was more than I expected here, but at least I braced myself for it ;)
And for what it's worth, I'm an average retail investor myself :)
I'd Pay $400 For 'This Apple' [View article]
I'd Pay $400 For 'This Apple' [View article]
I'd Pay $400 For 'This Apple' [View article]
I'd Pay $400 For 'This Apple' [View article]