Play Recommendations: Play 26

Lotto Weekly Options:

Dec 520 P (No trade)

Dec 510 P (closed)

Dec 510 C (closed)

Dec 515 C (closed)

Monthly Options:

Jan 2013 Calls (Pending)

12/21/12 - AAPL finished the week on a down note and it's looking like this stock wants to move back to the lows next week. Anything can happen with this stock, but as long as it stays under my green buy bar I am short biased.

The daily chart is showing sings of LOWER prices.

Here are today's trades:

I jumped on and scalped some profits off calls when the puts faded, but missed out on the final push higher in the close ;-(

I jumped on some 515 Calls into the close but stopped out just short of the big payoff. I was off by 4 minutes! DANG :-(

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12/19/12 - Can AAPL keep the buyers in the game as we close out the last trading week before Christmas? The two day short covering rally is over and AAPL is looking ready to move lower if yesterdays high of $534.90 (Fibonacci) is not taken out.  All the news has played out, there is NO special dividend, China sales were strong but not stellar and competition is growing. All this makes for a "sell the news" event for this week.

Next week is the final trading week of 2012; and it could be the beginning of the earnings run for AAPL into 2013. Tomorrow is the scheduled vote for Plan "B" so if the Fiscal cliff BS gets handled then the markets could definitely start things off early.

Friday is the "end of the world" according to the Mayan propagandists, so if we are not wiped out (lol) the markets could get a nice relief rally on Friday which is also December expiration. Now if that happens, AAPL could get a nice pop Friay. Question is, will it lift it enough to make another Lotto Trade winner?

There will no doubt be some kind of an earnings run in Jan and if AAPL does not absolutely blow the doors off earnings, we could very well get a massive winning PUT trade to start off 2013. If they beat, then we could see the beginning of another massive multi-month climb into new territory. Either way, I will be ready to make a huge profit when it happens.

In the meantime, I am a scalper this week and looking for more Lotto Plays tomorrow and Friday.

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Profits Up!

The donFranko