Entry is Key...Exit is Everything! ^TM

Play Recommendations: Play 18 (closed)

(Weekly Calls)

Lotto Weekly Options:

SepWk4 -

700 C (Expired)

690 C (Expired)

680 C (Closed)

Scalped 670 Puts

Monthly Options:

Next week earnings season kicks off and there will no doubt be some great trading opportunities coming up with AAPL so stay tuned and ready to pounce!

I am now free rolling on my $750 calls just in case this wears off on Monday and the stock starts an earnings run.

Profits Up!

The donFranko

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9/27/12 - Off to the races! Looking good for a continuation rally back to $700. I hope it gets there tomorrow so my Lotto Plays make a huge profit!

I scalped and locked in a profit on the SepWk4 680 calls today, then I bought into the $690's for tomorrow.

The Oct options had very strong volume again today:

The weekly options has massive volume on both sides

It's looking like the bias is definitely long going into tomorrow, so if AAPL gets a strong gap up in the morning, you should take the profit because there will be a lot of resistance at $700.

Profits Up!

The donFranko

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9/26/12 - Tomorrow is going to be proving ground for AAPL. $666 has been an interesting holding point for this stock and should it be the final pivot point, AAPL could definitely make a run back to $700. At least that is what I am hoping for...and so are millions of other investors, but are the big time fund managers seeing it that way is the real question. After all, they are the muscle to move a stock around and looking at the last three days of selling, it appears they may have taken the rest of the month off.

This is the end of quarter and there will no doubt be portfolio shuffling going on here, so if you were a multi-million or billion dollar fund manager, would you be dumping AAPL or adding more as it pulls back?. The best way I can find clues is looking over the option open interest and then the big elephant bars on the charts when a stock makes a move.

Now looking over the October options I see a massive amount of open interest at the $700 strike.

If you recall from the last few Apple commentaries, the Sept. 700 had a a ton of volume too, but this time October has a whole lot more! —This indicates there will be a lot of resistance at $700 heading into earnings next month.

Now for the flip side, the puts are heavy on the $660

But look at the 600's...wow, they have just as many? Is that a misprint? This is more likely Naked Put selling which indicates even more potential for a continued rally to new heights.

Ok, so now we look at the weekly options and again there is massive volume at the $700 strike. plus very heaving speculation at the $705-$715.

So, if you want to take a little lotto trade gamble, be sure to buy no further out than the $700 and hope for a dip in the morning so you can buy the $690, that way, if AAPL does make a run for the money, we stand a much better chance of winding up in-the-money on Friday. If AAPL does sell off tomorrow, then try to buy even the $680's.

Profits Up!

The donFranko

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9/25/12 - What we have been waiting for...a pullback BUY opportunity! This is setting up to be a good weekly Lotto play opportunity. If the stock shows any strength on Wed. I will start a play early with $700 calls as this will be the target it will return to and hopefully exceed by Friday.

The selling can be blamed on missed analysts sales expectations, but that is exactly what they wanted anyway. How else could they get investors to shake out of their shares and allow them to be bought at a discount? Plus, money left AAPL the past few days and piled into GOOG which topped out today and also pulled back. When this hiccup is over, AAPL and GOOG will rise.

Profits Up!

The donFranko