Play Recommendations: Play 12

(Day Trade Scalping)

Lotto Weekly Options:

Go here

Sep Options:

Calls - 670 (pending)

8/22/12 - Another big moving day in AAPL. The stock gapped down but did not move through Monday's low. This gave the shorts a headache and forced a short covering rally into the rest of the trading day. Notice how the stock crossed up through VWAP and never looked back. This is considered very bullish; however, will it be enough to bring AAPL higher through yet another new high? Keep a watch on because once a stock is in uncharted territory, anything can and will happen.

Tomorrow I will be looking over the options for a Lotto Play and I will definitely be doing a straddle on this one.

670 Calls and Puts

665 Calls and Puts

660 Calls and Puts

Profits Up!

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8/21/12

What a nice volatile day of trading in AAPL. Here are the trades I did today:

Here are the intra-day options charts I traded:

670 Calls and Puts

665 Calls and Puts

660 Calls and Puts

As you can see, AAPL gapped up this morning, but could not push above $275. I started out with 675 Calls, but once the stock started to traded under VWAP I moved to the PUT side and began building profits. I worked the stock from both sides until I made my profits for the day and then I quit and took  the rest of the day off—Pigs get fat...Hogs get slaughtered!

Now I am looking for $640 - 650 to be the new support. This is a difficult stock to pick a short term bias on, so do not get married to a particular side. The nice thing about AAPL is that it moves around quite a bit. This allows you the room to straddle it with Calls & Puts; however, be sure you buy at least a full month of time unless you can sit at the computer and scalp-trade it like I can.

If you do not have the ability to put a VWAP on your charts, then use www.FreeStockCharts.com. You MUST have this indicator to keep your edge on the day trading opportunities.

I will be looking for another "Lotto" play this week so stay tuned!

Profits Up!

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8/20/12 - Tomorrow, I will be watching these options: $665 - 680 for some intra-day opportunities.

Looking over today's charts, you can see there were plenty of opportunities to grab some quick profits!

Unfortunately, I cannot post my intra-day trades before they happen because I am busy making them during the trading day.

I plan to start a live chat room in the future when I have enough subscribers who want it, so if you are interested in that, let me know

Here are today's options chart action:

All you had to do today was jump in and hold on. Will this be the same opportunity tomorrow? I certainly hope so!

Typically, a stock with this much momentum will make a strong continuation, but it's widely know that Tuesday is the day of the week that things can change, thus, the nick-name "Turnaround Tuesday" is used. I will be watching the 15 minute chart for confirmation of direction tomorrow.

Once AAPL moves more than 10% above its new All time high set on Friday (target $710-720), you should be looking for Put opportunities as there will no doubt be profit taking coming!

Profits Up!