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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 01/17/2013 0 comments
    Jan 17, 2013 7:24 PM | about stocks: INTC, AAPL, SPY, VXX

    Company Name / Ticker

    Closing Price (Gain/Loss)


    Volume/30 Day Average

    Intel (NASDAQ:INTC)

    22.68 (+0.57)

    22.11 - 23.06


    Apple Inc. (NASDAQ:AAPL)

    502.68 (-3.41)

    502.03 - 510.75



    147.97 (+0.92)

    147.23 - 148.42


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

    25.63 (+0.14)

    25.05 - 25.63



    INTC opened higher and closed strongly higher with 2.58% gain. The volume of 100.80M is 2.54x of the 30 day average of 40.11M due to the earnings report. The MACD (12, 26, 9) started to show a bullish sign on December 4 and the MACD Histogram increased to 0.137. RSI (14) increased to 73.34 from 67.66 with an increasing buying momentum. INTC is currently trading above its 50-day MA of $20.65 and is still below 200-day MA of $23.91.


    AAPL opened higher and closed lower with 0.67% loss. The volume of 16.17M is 24% less than the 30 day average of 21.29M. The MACD (12, 26, 9) turned to show a bearish trend on Tuesday and the MACD Histogram increased to -1.106. RSI (14) decreased to 41.20 from 42.26, indicating an increasing selling momentum. AAPL is currently trading below its 50-day MA of $539.13 and 200-day MA of $591.81.


    SPY opened higher and closed higher with 0.63% gain. The MACD (12, 26, 9) turned and showed a bullish trend on January 2, 2013 and the MACD Histogram increased slightly to 0.187. SPY is currently trading above its 200-day MA of $138.12 and its 50-day MA of $141.77. RSI (14) increased to 68.39 from 65.08 with an increasing buying momentum. SPY had broken through and closed above its resistance of $147.29, the R2 pivot point.

    Disclosure: I am long INTC.

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