Bullish Apple?

[optionpundit]

AAPL has been quite strong for past 2 trading sessions. Specially after the earnings announcements.  After falling from a high of $102.5. After falling it's been trying to fill the gap and today it again crossed the psychological $100 price point. It's up roughly $0.80 since I last mentioned on www.OptionPundit.net for intraday set-up.

One thing, it might be called speculative, is the stock split. AAPL has not yet announced stock split, even though stock is making multi-year high. Is it following google or just waiting for the "right moment". I don't know, but the upwards pressure seems to be indicating something.

I am long and waiting for it to cross $103 before really jumping into the wagon, what do you think?

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[bucamon]

excellent strategy especially with all the talk on battery power issue.Strategy for that AMGN put calendar just keeps me thinking....Realize other issues and those dang market makers- Still a lot of rumor but i saw lot of Mojo there.Here with AAPL- I still have to be convinced- even with this i-phone.But you know what?- Jobs and the gang ALWAYS seem to bounce back-Trouble is tho is this one he can only moderately overcome? or get the full tilt boogie and waiting a little here is just the order

[optionpundit]

I wouldn't worry too much about that. Sales are running north and so are the margins. Of course all that moves to drive earnings. BTW, Apple is pretty good in PODs. Ipod is popular, another popular terms is UPOD Under Promise Over Deliver !!

[TraderC]

Which long strategy are you choosing here?

Just to be safe, I'd either wait for the breakout or get some bull put spreads while it's consolidating.

[optionpundit]

I will play any of Bull Put or bullish calendar or bullish diognal anything that fits the r/r profile. I said long coz I have some inventory of $100 calls.

Profitable trading

[optionpundit]

Allright, so apple finally decided to have somefun. it has just broken the 52 wks high (happend after earnings announcement). But  hold on to the tiggers till it crosses 103....

Profitable trading,
OptionPundit

[optionpundit]

Here we go, my apple garden has grown 90% in size in less than 2 wks time. Hopefully, the sharing of "103" was helpful to the readers here

Profitable trading,
OptionPundit

[optionpundit]

I closed my apple for little over 100% profit.

http://www.optionpundit.net/past-performance/aapl-earnings-closed-profit-100
Profitable trading, OptionPundit

[optionpundit]

AAPL is still flying Congratulations to those who were still in the game