Play Recommendations: Play 16

(Weekly Calls)

Lotto Weekly Options:

SepWk2 - 660 - 675 Calls

(Closed)

SepWk2 685 Calls (Closed)

Sep Wk 2 635 Puts (Expired)

Monthly Options:

Sep 700 calls (Long)

The open interest in the Sep 700 calls spiked as did the 650 Puts so next week is going to be interesting.

I hope you were able to get in on the profit train this week with AAPL. There will be plenty of opportunities to catch a ride so stay tuned and I will find more trades to capitalize on!

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9/13/12 - Kick-ass day with AAPL!!! I made a killing today scalping$$$

Hope you made some profits too!

Here is what I held onto:

I am pretty sure the puts will expire worthless, but they are more than paid for with the calls. I am looking for AAPL to make a run at $700 tomorrow if it opens up. There is a lot of open interest on the 700 Calls which means a lot of resistance, so if the stock does make the benchmark price, the action will be volatile to say the least. With the Fed news and the overall markets reaction, I would say AAPL should just keep moving on up into earnings over the next couple of weeks.

Here were my day trades yesterday!

The options were very active today. It appears the Open Interest did not change; however the volume today was very strong.

Profits Up!

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9/12/12 - The new iPhone 5 ROCKS! Question is, will it rock the register? I think so...I certainly one to get one. 

The iPhone 5 offers a larger screen, 4G connectivity and a slightly tweaked design. The new iPhone - the world's thinnest smartphone (or is it?) at 7.6mm (0.3 inches) - is made entirely of glass and aluminum, something Apple says is "unlike anything we, or anyone in the industry, has made before."

You can pre-order the new iPhone 5 for Verizon and AT&T Sept. 14, and it will come in the same storage flavors: 16GB ($199), 32GB ($299), and 64GB ($399)on a two-year contract.

The phone's also making its store shelf debut Sept. 21, so look for it at your handset retailer.

Once the conference was over, AAPL resumed the rise and never looked back. This stock has so many upgrades and +1,000 price targets, it's going to be pretty hard for a drop in price from here. With earnings coming in a little over a month, we could be in for a nice extended earnings run.

Here are my open trades on AAPL:

Looking over the options Open Interest we can see there is still a lot of open interest at the Sep 700 calls.

October:    

November:

December: 

Weekly

Still strong interest in calls however the 700's are slipping.

Profits Up!

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9/11/12 - Tomorrow is the big news conference everyone is waiting for with Apple. The stock made another attempt to rise but failed to hold the morning highs and sold off the rest of the day again; however, it was controlled selling and the final outcome was a slight drop of only (2.15) at $660.59. Exactly on the daily 21 period moving average. In after hours trading, AAPL is up slightly so there is going to be some big action tomorrow. If the conference turns out to be a disappointment, then AAPL could drop up to 10% in my opinion giving us a very nice profit on the puts. I am going with the weekly $635 Puts and the $690-700 calls. The volume on the 700 calls picked up some more today as the graph below shows. There appears to be more people bullish but you really never know from our perspective until it begins to happen. That is why we do these speculation plays because the ticket to ride is cheap and the upside is huge if we get lucky.

Profits Up!

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9/10/12 - What happened? Well, if you were long Apple then it took a big bite out your play today. Most likely you should have been stopped out of any calls; and if you jumped on or were in puts then you are a happy camper today. Once AAPL gave up the battle after the first hour of trading, it was a steady sell off the entire day. I am sure this is profit taking ahead of the news conference on the 12th. I will be looking at a straddle play on the 11th in anticipation of a well received event and the kick off for an early earnings run. (Next earnings date: 10/15/12).

I am picking up some Sep 700 calls tomorrow if the stock rebounds and will be scalping off the weekly options.

Here are the options:

Volume today on the 700 calls was 12,112 but the Open interest went up? Not sure if it was recorded properly on my broker page so we will see how it turns out tomorrow.

The monthly 700 Calls today:

Profits Up!

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9/6/12 - Another great day to trade AAPL. Nice rally with wide market support and when Amazon (AMZN) did not announce a new "phone" things just heated up for AAPL to keep on going. Tomorrow is the non-farm payroll report which should keep the rally going if the numbers are very strong. Of course, if they are unexpected then we could very well see a massive "sell the news" event. If we get a continued rally AAPL is ready to make yet another new high and this time it could very well move into striking distance of $700 per share.

Here are today's SepWk1 options.

I am tracking  Sep expiration Calls and Puts open interest for changes.

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9/5/12 - Yesterday's drive higher ran out of gas today but the uptrend is still in tack and I suspect there will be more upside coming as we approach the upcoming news conference on the 12th. As the days march on, the volatility will get higher and result in a big move. Question is, what direction will it be in? The best way to help you pick a side is to watch the OTM option volume and open interest. As we discovered last month, there was  a substantial amount of Sep 700 calls that were bought up. Currently the open interest has begun to pull back which means there is a potential change in bias coming.

Keep watch for the red box area to hold. Best bet for a long is for AAPL to stay above $660.

Profits Up!

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9/4/12 - Apple is back in action again today and I picked up some nice scalping profits putting my account solidly back in the green!

They released invitation for Sept 12th to the media for the upcoming product release of the iPhone 5 and may be some other announcements. This put some fuel in the rocket and started a nice move higher all day after the news hit. There is more and more speculation the stock will keep rising, but many are now touting it should be a "sell the news" event. For now I will just keep scalping daily profits and loading up on OTM calls until we get close to the release date and then I will pick up some puts too!

Here were my trades today:

I picked up some lotto calls with some of my profits:

Profits Up!