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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 01/08/2013 0 comments
    Jan 8, 2013 6:33 PM | about stocks: INTC, AAPL, SPY, VXX

    Company Name / Ticker

    Closing Price (Gain/Loss)


    Volume/30 Day Average

    Intel (NASDAQ:INTC)

    21.09 (-0.16)

    21.02 - 21.56


    Apple Inc. (NASDAQ:AAPL)

    525.31 (+1.41)

    521.25 - 531.89



    145.53 (-0.39)

    144.99 - 145.91


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

    27.20 (-0.33)

    27.09 - 27.82



    INTC opened higher and closed lower with 0.75% loss. The volume of 48.67M is 13.69% more than the 30 day average of 42.81M. The MACD (12, 26, 9) started to show a bullish sign on Dec. 4 and the MACD difference converged today. RSI (14) decreased to 56.17 from 59.43 with a decreasing buying momentum. INTC closed above its 50-day MA of $20.61 on Monday and is still below 200-day MA of $24.10.


    AAPL opened higher and closed higher with 0.27% gain. The volume of 16.36M is 19.13% less than the 30 day average of 20.23M. The MACD (12, 26, 9) showed a bullish sign but the MACD difference converged again today. RSI (14) increased to 44.87 from 44.23, indicating a decreasing selling momentum. AAPL is currently trading below its 50-day MA of $551.27 and 200-day MA of $595.06.


    SPY opened slightly lower and closed lower with 0.27% loss. The MACD (12, 26, 9) turned and showed a bullish trend on January 2, 2013 but the MACD difference converged today. SPY is currently trading above its 200-day MA of $137.80 and its 50-day MA of $140.87. RSI (14) decreased to 60.95 from 62.96 with a decreasing buying momentum. The next major resistance will be $147.29, the R2 pivot point.

    Disclosure: I am long INTC.

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