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Nick Chiu
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Senior Options Trading Strategist at Optionity, MBA. Our trading approach starts with the fundamentals, then through short-term technical analysis, to finally leverage options trading (with the combination of long and short positions) to achieve favorable risk and reward ratio trading plays. Our... More
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Optionity - specialized in Options Trading
  • Optionity Quick Report 01/02/2013 0 comments
    Jan 2, 2013 6:24 PM | about stocks: INTC, AAPL, SPY, VXX

    Company Name / Ticker

    Closing Price (Gain/Loss)


    Volume/30 Day Average

    Intel (NASDAQ:INTC)

    21.38 (+0.76)

    21.05 - 21.38


    Apple Inc. (NASDAQ:AAPL)

    549.03 (+16.86)

    541.63 - 555.00



    146.15 (+3.63)

    144.74 - 146.15


    iPath S&P 500 VIX Short Term Futures (NYSEARCA:VXX)

    28.03 (-3.76)

    28.03 - 29.53



    INTC opened higher and closed strongly higher with 3.69% gain. The volume of 47.62M is close to the 30 day average of 47.69M. The MACD (12, 26, 9) started to show a bullish sign on Dec. 4 and the MACD difference diverged today. RSI (14) increased to 62.50 from 51.51 an increasing buying momentum. INTC closed above its 50-day MA of $20.61 on Monday and is still below 200-day MA of $24.21.


    AAPL opened higher and closed strongly higher with 3.17% gain. The volume of 19.99M is 7.24% less of the 30 day average of 21.55M. The MACD (12, 26, 9) turned to show a bullish sign on Monday and the MACD difference continued to diverge. RSI (14) increased to 53.70 from 47.08, indicating an increasing buying momentum. AAPL is currently trading below its 50-day MA of $558.48 and 200-day MA of $596.34.


    SPY opened higher and closed strongly higher with 2.55% gain. The MACD (12, 26, 9) turned and showed a bullish trend on Wednesday. SPY is currently trading above its 200-day MA of $137.64 and its 50-day MA of $140.60. RSI (14) increased to 64.65 from 53.81 with an increasing buying momentum. The next major resistance will be $148.35, the R1 pivot point.

    Disclosure: I am long INTC.

    Stocks: INTC, AAPL, SPY, VXX
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