LOTTO Plays - 2011
These are the results from trades suggested on our "Current Plays" list.
Note: they are suggested entry and exit points! disclaimer Profits Up!!
----------------------------------------------------------------------------------------------------------------------------------------
LAST UPDATE: 4/29/11
----------------------------------------------------------------------------------------------------------------------------------------
4/29/11 - Profits taken on the weekly options.
==========================================================================================
4/25/11 - Apple is holding ground and looking ready to take out the all time high soon.
==================================================================================
4/21/11 - Banked nice profits so far. Stops in place and away we go.
May Options
=====================================================================================================
4/20/11 - As expected Apple knocked it out of the earnings park and the stock made a decent move in after hours. Question now is will it keep on trucking higher. It's anticipated it will take out its all time high and we have plenty of time on the options for this to happen. Of course the puts are going to expire worthless but insurance that cheap is always welcome.
After Earnings reported
===============================================================================================
4/19/11 - It's on and looking like the ride to the upside is coming. The bottom of this channel held up yesterday with a nice wick in place giving us a clear exit point. If Apple beats earnings then I believe the stock will rocket to all time highs over the next couple of months. Of course, I will have my DOTM Lotto puts in place just in case it's a disaster.
===================================================================================================
4/18/11 - As we prepare for the earnings announcement on Apple this coming Wednesday the 20th, I am getting very excited that we are about to get another awesome trade going! Looking over a 3 month chart we see Apple has been in a nice channel with a price spread of $40. These past couple of weeks, the stock has been steadily selling down to the bottom of the channel which indicates to me there is a lot of shorts that will have to cover if the news is good and that could easily drive the stock back to the $360's and beyond. If things turn ugly, the drop could blow right through $300 with major support around $268.00.
================================================================================================
AAPL is a very loved and hot stock. They make fantastic products that have changed the world and there seems to be no change to their innovation and development. I have admired and been a very big fan of this company from the day they started doing business. I have owned several MAC computers and I currently have the iPhone. My 16 year old daughter wants a MAC computer so the generational love affair for this companies products continues—and so will the price of this stock.
I am watching the stock for my next entry point and so far, I am liking the Call side of things.
Earnings are on the 20th.
|