Apple: A Cautious Bull

May 09, 2016 10:39 AM ETAAPL, DIA
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Contributor Since 2013

Strategic trader, interested in stocks with value and good growth potential, also interested in larger macro trends. I actively trade options and may buy or sell options at any time.

I highly urge everyone to look at the following two websites:,

I am not affiliated with either site. All I know is they have both helped me tremendously. Best to you in your investments and reaching your goals.

Currently long Apple shares and options. I will update when I change my view.


Today, I have cleared out my long puts and short calls at 115. Apple has held firm on the 92.5 to 93 area. I have aggressively bought Jan 19 '18 110 calls to lower my average cost and to play any bounce back. I have also bought some Apple shares in my retirement account. I think a 5 to 7 dollar bounce is reasonable at this point. Price action is looking better today. I will sell some of the long calls after the move up to recover some of my losses (or potentially profits if we move up enough).

Apple & Reversals - Per Click Payment Structure of Socrates

Armstrong Economics


Long Apple shares

Bought more Jan '18 110 calls (retirement and investment)

Short Jan '18 120 calls

Sold Jan '18 95 puts


Long DIA shares

Sold Jan '17 178 puts last week

Disclosure: I am/we are long AAPL, DIA.

Additional disclosure: Additional disclosure: I also am long and short options for AAPL and DIA, and due to the speed with options move, can change my position at any time. If I do, I will note it here after the fact.

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