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Post by appledoc on Jan 17, 2014 1:54:50 GMT -8
January OpEx. Should have done a staggered butterfly strategy last week with targets at 500, 525, 550. Oh well.
Nice China Mobile turnout. Q2 will be big.
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Post by phoebear611 on Jan 17, 2014 3:16:49 GMT -8
The whole Friday PIN especially the monthly ones that include Leaps...it's just incredible. Such positive images coming out of China...I'll be adding to my position as they push this stock lower today (BTMFD)! Ridiculous - but creates opportunity I guess. Yes, America....your tax dollars hard at work at the SEC, a sham of an agency!
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Post by chasmac on Jan 17, 2014 3:27:01 GMT -8
The whole Friday PIN especially the monthly ones that include Leaps...it's just incredible. Such positive images coming out of China...I'll be adding to my position as they push this stock lower today (BTMFD)! Ridiculous - but creates opportunity I guess. Yes, America....your tax dollars hard at work at the SEC, a sham of an agency! According to the NYT, only a dozen people showed up at one store. linky pooShare pics/links. If you see otherwise.
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Post by phoebear611 on Jan 17, 2014 3:40:05 GMT -8
Let the FUD games begin - NYT carrying an article that the response to the iPhone in China is lukewarm. Also that people who are on iPhones on other carriers may switch to CHL so net - net there won't be more users of iPhone in China amongst other things. Seriously, does anyone recall when Samsung was chastised for planting articles and shills against AAPL? This is typical, "et tu, New York Times?" By the way - tons of pics showing the complete opposite all over the internet! www.flickr.com/photos/40174455@N00/sets/72157639843977186/
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Post by chasmac on Jan 17, 2014 3:43:37 GMT -8
Let the FUD games begin - NYT carrying an article that the response to the iPhone in China is lukewarm. Also that people who are on iPhones on other carriers may switch to CHL so net - net there won't be more users of iPhone in China amongst other things. Seriously, does anyone recall when Samsung was chastised for planting articles and shills against AAPL? This is typical, "et tu, New York Times?" By the way - tons of pics showing the complete opposite all over the internet! Saying only 100 people showed up would be more believable than that nonsense. Moronic.
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Post by phoebear611 on Jan 17, 2014 3:50:07 GMT -8
Looks like CNBC Squawk Box is going to have a live report from an Apple store in Beijing in a few minutes. Let's see what their spin is on it.
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Post by artman1033 on Jan 17, 2014 4:17:52 GMT -8
The whole Friday PIN especially the monthly ones that include Leaps...it's just incredible. Such positive images coming out of China...I'll be adding to my position as they push this stock lower today (BTMFD)! Ridiculous - but creates opportunity I guess. Yes, America....your tax dollars hard at work at the SEC, a sham of an agency! According to the NYT, only a dozen people showed up at one store. linky pooShare pics/links. If you see otherwise. Once again, I have no issue with the tone of the NYT piece. The price of AAPL may/will go down today and Tuesday because of the following quote: An Apple spokeswoman, Carolyn Wu, said the company did not plan to report first-day sales figures.
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Deleted
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Post by Deleted on Jan 17, 2014 4:18:29 GMT -8
CNBC USA squawk box just ran a positive piece on Apple, complete with video of Tim Cook speaking from the Beijing launch (watching him correct the lovely Chinese women's iPhone orientation was cute). Video was followed up with anchor & reporter comments reiterating the 57% mobile browser share iOS has in China, and apparently a china mobile spokesperson reiterated "over a million" iPhone orders.
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Deleted
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Post by Deleted on Jan 17, 2014 4:25:28 GMT -8
According to the NYT, only a dozen people showed up at one store. linky pooShare pics/links. If you see otherwise. Once again, I have no issue with the tone of the NYT piece. The price of AAPL may/will go down today and Monday because of the following quote: An Apple spokeswoman, Carolyn Wu, said the company did not plan to report first-day sales figures.Market will be closed Monday (MLK holiday) - so Apple/CM will have plenty of time to report "first weekend" sales if they choose (it will be Wednesday in China before the US markets reopen for Tuesday trade.) Of course Apple already knows how many phones they will ship to China mobile this weekend, but with 3,000 far flung retail stores spread out all over China, I wonder how easy it is for China mobile itself to figure out how many iPhones they sold on Friday or through the upcoming weekend, it might take a while.
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Post by artman1033 on Jan 17, 2014 4:32:45 GMT -8
Once again, I have no issue with the tone of the NYT piece. The price of AAPL may/will go down today and Monday because of the following quote: An Apple spokeswoman, Carolyn Wu, said the company did not plan to report first-day sales figures.Market will be closed Monday (MLK holiday) - so Apple/CM will have plenty of time to report "first weekend" sales if they choose (it will be Wednesday in China before the US markets reopen for Tuesday trade.) Of course Apple already knows how many phones they will ship to China mobile this weekend, but with 3,000 far flung retail stores spread out all over China, I wonder how easy it is for China mobile itself to figure out how many iPhones they sold on Friday or through the upcoming weekend, it might take a while. AFAIK: China Mobile is having a slow rollout. The 4G service is available in just 16 HUGE cities in Red China. Not available in the entire country.
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Post by macwire on Jan 17, 2014 4:40:11 GMT -8
550 PIN IN THE HOUSE!
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Post by jmolloy on Jan 17, 2014 4:45:20 GMT -8
Looks like it. Seems to be being walked down in PM.
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Post by rickag on Jan 17, 2014 4:53:41 GMT -8
According to the NYT, only a dozen people showed up at one store. linky pooShare pics/links. If you see otherwise. Once again, I have no issue with the tone of the NYT piece. The price of AAPL may/will go down today and Tuesday because of the following quote: An Apple spokeswoman, Carolyn Wu, said the company did not plan to report first-day sales figures.I wasn't expecting first day sales. We should hear something Mon. or Tues. concerning weekend sales,
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Deleted
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Post by Deleted on Jan 17, 2014 4:58:54 GMT -8
Market will be closed Monday (MLK holiday) - so Apple/CM will have plenty of time to report "first weekend" sales if they choose (it will be Wednesday in China before the US markets reopen for Tuesday trade.) Of course Apple already knows how many phones they will ship to China mobile this weekend, but with 3,000 far flung retail stores spread out all over China, I wonder how easy it is for China mobile itself to figure out how many iPhones they sold on Friday or through the upcoming weekend, it might take a while. AFAIK: China Mobile is having a slow rollout. The 4G service is available in just 16 HUGE cities in Red China. Not available in the entire country. They said 3,000 stores have the iPhone. The slow rollout is of 4G, not the iPhone itself. Its not like people who only have 3G won't want to buy an iPhone. 3G in itself is a big upgrade from the 2G speeds older iPhones get on China mobile.
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Post by artman1033 on Jan 17, 2014 5:00:08 GMT -8
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Post by mcharliem on Jan 17, 2014 5:00:33 GMT -8
Looks like it. Seems to be being walked down in PM. Could someone please explain to me how option trades are causing a pin in PM when options aren't even trading yet?
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Post by phoebear611 on Jan 17, 2014 5:53:16 GMT -8
Every blog I was on this week spoke about these leaps and the wall of calls ... If you think that doesn't affect someone's thinking especially if you are a day trader - you are sadly mistaken. The power of the internet and information flow like this should not be underestimated. And by the way - if a market maker wanted to take a leg up on a position or didn't have his book perfectly hedged as of last night he could be out there too. It sucks - no other conclusion.
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Post by lovemyipad on Jan 17, 2014 6:00:03 GMT -8
550 on the way up feels a whole lot better than 500 on the way down...
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Post by phoebear611 on Jan 17, 2014 6:03:18 GMT -8
550 on the way up feels a whole lot better than 500 on the way down... Amen sister!
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Post by phoebear611 on Jan 17, 2014 6:14:50 GMT -8
By the way - MaxPain for today is still showing $522.50.....furthermore, there is another wall of calls at $560 for next week and not many puts (of course, there is time for that expiration to change in a week).
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Post by mcharliem on Jan 17, 2014 6:22:15 GMT -8
if a market maker wanted to take a leg up on a position or didn't have his book perfectly hedged as of last night he could be out there too. If you want to argue that day traders think there's going to be a pin, and therefore it's a self-fulfilling prophecy, I can't argue with that. But it's the quoted sentence above that is just wrong. There's not a single option market making strategy that would exhibit pinning behavior in the pre market on an expiration day. It just doesn't make sense with how option positions are hedged.
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Post by po1nt on Jan 17, 2014 6:23:05 GMT -8
I'm looking at a re-test of previous resistance/gap-fill/EMA-8&EMA-21 test for a solid bounce. 546.50ISH
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Post by mcharliem on Jan 17, 2014 6:28:52 GMT -8
furthermore, there is another wall of calls at $560 for next week and not many puts. This brings up another topic I'll try to go into detail at some point this weekend. It actually doesn't matter whether an outstanding contract is a put or call. Because of put/call parity, from a market maker's perspective they're all the same. So if you do want to analyze open interest at strikes, just use the sum of puts + calls, and there's definitely no reason to analyze the difference between puts and calls at a given strike.
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Post by phoebear611 on Jan 17, 2014 6:42:43 GMT -8
if a market maker wanted to take a leg up on a position or didn't have his book perfectly hedged as of last night he could be out there too. If you want to argue that day traders think there's going to be a pin, and therefore it's a self-fulfilling prophecy, I can't argue with that. But it's the quoted sentence above that is just wrong. There's not a single option market making strategy that would exhibit pinning behavior in the pre market on an expiration day. It just doesn't make sense with how option positions are hedged. Simple yes or no answer: Will a market maker or an options desk at a large bank ever have a bias on their position? My answer is yes - because I know it to be fact. So my point was that they could certainly be out there a little bit as well. I think the bigger players are the day traders in pre-market on their own positions. By the way, this is all being said in a non-argumentative tone and in the spirit of discussion. Like I said earlier, blogs and services I subscribe to were all chirping about the OI. By the way, CNBC mentioned something I have been saying and so have many of you - Goog announces this contact lense that "May" come out in 4 years or so and the street thinks they are genius. AAPL can cut a deal with CHL and yet is subjected to major FUD>> Does AAPL need CHL more than CHL needs AAPL? W I'll the CHL deal be short lived??? It's all crap
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icam
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Post by icam on Jan 17, 2014 6:44:10 GMT -8
Flipping chanels for Apple coverage, and caught Cramer on C#@c. Floored me when he ripped how Google gets the benefit of the doubt, and high a valuation, and all kinds of positive press for a contact lens that might be available in 5 years, and then said Apple gets zero benefit of the doubt for things they are delivering today. Went on to say AAPL is cheap. His sidekick, Carl Q, agreed with enthusiasm.
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Post by Red Shirted Ensign on Jan 17, 2014 6:45:38 GMT -8
Bough a few February 550/560 bull call spreads...
We will see....
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Post by cbingle on Jan 17, 2014 6:54:06 GMT -8
Jan 15, 2014 at 5:15pm cbingle said: Seriously, this board is worthless, except for JD and his cool vet.
Yahoo message board is more informative....
I'm only here to find out why AAPL has moved so much the last two days, since China Mobile is already "baked in."
M'kay
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Deleted
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Post by Deleted on Jan 17, 2014 6:58:07 GMT -8
Flipping chanels for Apple coverage, and caught Cramer on C#@c. Floored me when he ripped how Google gets the benefit of the doubt, and high a valuation, and all kinds of positive press for a contact lens that might be available in 5 years, and then said Apple gets zero benefit of the doubt for things they are delivering today. Went on to say AAPL is cheap. His sidekick, Carl Q, agreed with enthusiasm. +1 Cramer had better watch out, lest CNBC producers give him the cold shoulder, but props to Jim on this one. I just finished watching Frontline's "To Catch a Trader." The scope of how dirty WS is should alarm everyone. And yeah, we're very likely closing under $550 today. I thought there might be a chance AAPL would close between $550 - $555, but the NYT has already done its part by quoting a market research guy whose clients include Samsung. What a joke...
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Post by mightydog on Jan 17, 2014 7:11:51 GMT -8
The whole Friday PIN especially the monthly ones that include Leaps...it's just incredible. Such positive images coming out of China...I'll be adding to my position as they push this stock lower today (BTMFD)! Ridiculous - but creates opportunity I guess. Yes, America....your tax dollars hard at work at the SEC, a sham of an agency! According to the NYT, only a dozen people showed up at one store. linky pooShare pics/links. If you see otherwise. PED wrote a good piece today that has a few pictures and has some bullet points why there aren't lines wrapped around city blocks in China. tech.fortune.cnn.com/2014/01/17/iphone-apple-china-mobile/
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JDSoCal
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Aspiring oligarch
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Post by JDSoCal on Jan 17, 2014 7:13:50 GMT -8
Looks like it. Seems to be being walked down in PM. Could someone please explain to me how option trades are causing a pin in PM when options aren't even trading yet? You obviously don't even understand pain theory if you think option trading itself causes the pin. Nobody has ever said that as far as I know. Pain adherents believe trading of the underlying stock causes it. Perhaps you should actually learn the theory, then criticize it. Until then, don't believe your lying eyes.
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