Trading Thread

[badcompany]

Avago, a supplier of Apple, had a pretty interesting day:

[badcompany]

Originally Posted by Ocala Mike

"Trading range" - music to the ears of the conservative investor who's into SELLING covered calls on "hot" stocks that everyone's knocking themselves out BUYING calls on.

When a huge company starts going sideways, it can get stuck in that range for a long time. I recently went through that with Gilead which went sideways for 9 months before finally breaking out.

[badcompany]

Apple

[barn32]

I missed out on the AAPL short this morning, which kind of "ticks" me off. So I do what I usually do when that happens...find another way to make money on the same underlying.

So I sold 5 of the AUG 7 109 puts for .39¢. If AAPL stays at 109 or higher by Friday close I'll make $200 (which kind of makes up for some of what I missed out on today) or I'll own 500 shares of AAPL at 109, which I don't see as a bad thing.

[Hoofless_Wonder]

Originally Posted by barn32

I missed out on the AAPL short this morning, which kind of "ticks" me off. So I do what I usually do when that happens...find another way to make money on the same underlying.

So I sold 5 of the AUG 7 109 puts for .39¢. If AAPL stays at 109 or higher by Friday close I'll make $200 (which kind of makes up for some of what I missed out on today) or I'll own 500 shares of AAPL at 109, which I don't see as a bad thing.

Looks like $109 is the low end of this prediction.

http://www.marketwatch.com/story/how...ket-2015-08-04

I don't follow Apple much, 'cause I have no vested interest in any of their products, but as a stock goes they have been incredible. Since joining the DOW though, they've declined 7% - apparently it's a jinx of some sort.....