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Joe Springer
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Joe Springer was the number 1 ranked stock analyst in the world by tipranks.com, and on most days is still ranked in the top 5%. Joe is the portfolio director for The Wall Street Exclusive, which you can visit at http://streetexclusive.com, where he is currently beating the S&P 500 handily.... More
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  • Apple Hitting Resistance At $530, Option Chain May Show Why 1 comment
    Nov 16, 2012 12:51 PM | about stocks: AAPL

    Some player is bouncing Apple off of $530 on the dot:

    (click to enlarge)

    Today is options expiration, a look at the chain shows that if Apple floats above $530 a lot of call options will get executed. Coincidence? You decide:

    (click to enlarge)

    Themes: Options Stocks: AAPL
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  • pressure sensor
    , contributor
    Comments (80) | Send Message
     
    If you are suggesting the 62000 530's writers were manipulating to keep the stock below 530, it would have been much cheaper for them to simply buy back those calls today for pennies..
    17 Nov 2012, 06:39 AM Reply Like
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