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Options trading strategies AAP

|Includes: Advance Auto Parts, Inc. (AAP)
Advance Auto Parts:  AAP has been in an uptrend for over a year. For the last couple of months it has been consolidating with support at the $60.30 area and resistance around the $65 area. On Friday it broke through the $65 resistance area, it’s trading above it’s 50 MA and it’s 10 MA with the 10 MA starting to uptrend and has crossed above the 50 MA.  The MACD two line is confirming the uptrend with it starting to cross over the zero line.  The options spreads are very wide as I write this on Sunday night, I will reevaluate on Monday morning.  We will look at it in more detail then to see if it meets our trading strategies options 7 step plan, and how it behaves over the next couple of days.