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Post by Big Al on Mar 21, 2013 1:16:03 GMT -8
Well, it looks as if we are running out of steam a little. Premarket is red.
However, $460 has become the highest call OI which gives us some room to go. Travis' comment:"Nice to see the call side move up for a change (the $460′s were 9K today). The call strikes have been coming down for 5 months straight, so this is a nice change."
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Post by Big Al on Mar 21, 2013 1:25:25 GMT -8
On the daily chart we did hit the upper bound of the downward channel (on the log scale!) and the 61.8% Fib retracement level, before going down again. Let's see if we can retest it again or go lower.  |
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Post by lovemyipad on Mar 21, 2013 3:38:38 GMT -8
Nice, Al! Thank you!  |
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Post by phoebear611 on Mar 21, 2013 4:12:22 GMT -8
Gonna need to bust through that upper trend line with gusto or down we will go it seems. I'm feeling like the pinball in an arcade game  |
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Post by appledoc on Mar 21, 2013 4:47:05 GMT -8
Al, thank you for calling our attention to the log scale trendline two days ago. Very important.
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Post by lovemyipad on Mar 21, 2013 5:03:00 GMT -8
Phoebes, Fibonacci Pinball!  |
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Post by Big Al on Mar 21, 2013 5:05:58 GMT -8
Phoebes, Fibonacci Pinball! Re: Fibonacci Look at the earlier chart where we topped out in Sep. and in Nov./Dec. (423.6% and 261.8%). |
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Post by Big Al on Mar 21, 2013 5:08:34 GMT -8
Al, thank you for calling our attention to the log scale trendline two days ago. Very important. You are welcome. I just find the log scale more useful when looking at longer time frames. It puts strong up/down moves in perspective. |
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Post by artman1033 on Mar 21, 2013 5:12:31 GMT -8
I have a question about google RSS. Is the following website a "GOOGLE" RSS or is it something else? HERE |
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Post by Odd-Lot Richard on Mar 21, 2013 5:30:27 GMT -8
Artman, I don't understand your question. That's the RSS feed from Edgar, no? Google doesn't own RSS or Atom specifically, which this feed is. Both are standards that Google started implementing with News (which probably also scrapes) and Reader. Atom is a standard forked off the different RSS standards when they became bogged down with analysis paralysis.
The OS X solution I use for collecting feeds is Vienna RSS. The big name in OS X used to be NetNewswire.
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Post by artman1033 on Mar 21, 2013 5:36:03 GMT -8
Artman, I don't understand your question. That's the RSS feed from Edgar, no? Google doesn't own RSS or Atom specifically, which this feed is. Both are standards that Google started implementing with News (which probably also scrapes) and Reader. Atom is a standard forked off the different RSS standards when they became bogged down with analysis paralysis. The OS X solution I use for collecting feeds is Vienna RSS. The big name in OS X used to be NetNewswire. That was the question. I was under the impression that "all" RSS feeds are run by GOOGLE. As far as I know, I don't have a "relationship" with GOOGLE. |
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Post by artman1033 on Mar 21, 2013 5:54:29 GMT -8
ZOUNDS!
There are now 22 different option chains open for AAPL.
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Post by mtjs on Mar 21, 2013 7:10:00 GMT -8
... FIGHT, aapl, FIGHT! |
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Post by Deleted on Mar 21, 2013 7:26:15 GMT -8
... FIGHT, aapl, FIGHT! It's been like going 10 rounds with Tyson back in his prime these last 6 months... |
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Post by hellojapan on Mar 21, 2013 8:04:45 GMT -8
... FIGHT, aapl, FIGHT! It's been like going 10 rounds with Tyson back in his prime these last 6 months... |
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Post by sponge on Mar 21, 2013 8:51:54 GMT -8
I don't often get this lucky. But after watching us going no where, I had a feeling we would go up either later today or tomorrow. So I went ahead a bough on more 550 Jan call at 14.85. Went and took a steam and a shower only to return and see that we went up $5. All my Jan Calls are about to turn green. The big question this fall will be when do I sell any of them. Do I hang on until Jan waiting for the big Santa Rally and my ATH prediction to come true?
The sudden move up this morning I think bodes well for tomorrow and then again for Monday.
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Post by Deleted on Mar 21, 2013 9:04:46 GMT -8
I don't often get this lucky. But after watching us going no where, I had a feeling we would go up either later today or tomorrow. So I went ahead a bough on more 550 Jan call at 14.85. Went and took a steam and a shower only to return and see that we went up $5. All my Jan Calls are about to turn green. The big question this fall will be when do I sell any of them. Do I hang on until Jan waiting for the big Santa Rally and my ATH prediction to come true? The sudden move up this morning I think bodes well for tomorrow and then again for Monday. Have you sold $600 calls against them yet? |
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Post by prazan on Mar 21, 2013 9:25:25 GMT -8
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Post by artman1033 on Mar 21, 2013 9:26:24 GMT -8
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Post by appledoc on Mar 21, 2013 9:39:16 GMT -8
Good action. Keep building.
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Post by mace on Mar 21, 2013 9:41:43 GMT -8
I don't often get this lucky. But after watching us going no where, I had a feeling we would go up either later today or tomorrow. So I went ahead a bough on more 550 Jan call at 14.85. Went and took a steam and a shower only to return and see that we went up $5. All my Jan Calls are about to turn green. The big question this fall will be when do I sell any of them. Do I hang on until Jan waiting for the big Santa Rally and my ATH prediction to come true? The sudden move up this morning I think bodes well for tomorrow and then again for Monday. Have you sold $600 calls against them yet? If it is true that AAPL has started a multi-month run, should wait for IV to increase back to historical norm, I think is 40%, now is quite low. |
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Post by sponge on Mar 21, 2013 9:49:46 GMT -8
I don't want to get into spreads. Yes it will decrease my risk but limit my upside.
My get rid of 2 contracts this summer if we make a run to 600.
The IV on those is still low at 28.77. However it is still very volatile so I am not sure that matters.
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Post by Deleted on Mar 21, 2013 10:01:14 GMT -8
I don't want to get into spreads. Yes it will decrease my risk but limit my upside. My get rid of 2 contracts this summer if we make a run to 600. The IV on those is still low at 28.77. However it is still very volatile so I am not sure that matters. You don't want to limit your upside to only 1000%? That's a little greedy, don't you think...especially for 9 months. |
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Post by sponge on Mar 21, 2013 10:01:44 GMT -8
It is amazing to see the inverse relationship between the market and aapl. I am now praying for a 20% market correction. |
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Mav
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Post by Mav on Mar 21, 2013 10:03:19 GMT -8
Yes log scale, but linear works too. Watch the price action around the controlling downtrend line closely.
Log scale would imply no change in composure. I say otherwise. No, I didn't say all-in weeklies, but maybe use log scale as another data point, just like I'm trying to collect data points instead of relying too heavily on any one level or indicator.
AAPL finishing green at all today = interesting. The longer AAPL stays away from the basic DT line (whether you're in the from 700 or from 680ish camp), the better.
Relative strength, continuation, bull flag formation still in play (more visible on daily chart). Not expecting miracles on a day like this - to have all three through end of day would be constructive.
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Mav
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Post by Mav on Mar 21, 2013 10:07:12 GMT -8
Mace are you nuts.  VXAPL of around 40? Also, IV is heavily expiry-dependent and event-dependent. |
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Post by mace on Mar 21, 2013 10:08:45 GMT -8
I don't want to get into spreads. Yes it will decrease my risk but limit my upside. My get rid of 2 contracts this summer if we make a run to 600. The IV on those is still low at 28.77. However it is still very volatile so I am not sure that matters. Actually STO 4 covered calls could be more superior to STC 2 calls depending on the strike price, assuming you've four BTO calls. Is a good start, to think of selling  . |
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Post by sponge on Mar 21, 2013 10:11:58 GMT -8
Don't understand those terms.
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Mav
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Post by Mav on Mar 21, 2013 10:17:52 GMT -8
Sponge, you just demonstrated a need to learn so much more on options.
VXAPL is not IV. It's at best a derivative of aggregate IV. You need to track volatility of the actual calls you're holding.
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Mav
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Post by Mav on Mar 21, 2013 10:19:29 GMT -8
Yes AAPL did "bounce" off 457, but in a good way (broke through the level), and it's a down day dammit!
Wondering if it makes sense to try a small butterfly option trade for fun. Not sure...
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