Trading AAPL stock (Apple ) with options

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I wanted to review the AAPL bounce today at 10amEST

 

The Philly Fed #’s had just come out & we had been watching the $536/$535 area for support on AAPL

I provided charts on both $545 & $550 puts and the AAPL 5min and daily charts

I had done some fibonnaci retrace levels to come up with that $536 area which a lot of traders thought we could not hit

 

I’ve provide some notes below since I didn’t trade the options as well initially since hesitated a bit this morning but then should have locked up over $30,000+ profit ¬†(just went thru the new levels ) on the $550′s puts we had re-entered yesterday after locking up $4,570 on them yesterday .. This week working better on AAPL options by taking that bearish stance that we mentioned last week in the chatroom with @mmassassin.

 

Hope you learn something from the key levels and bounce times (10amEST )  click on the chart to make it larger

Happy Trading

Stockguy22

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Posted in Apple Stock Chart - Nasdaq:AAPL, Blog, Charting & Analysis, Options Strategies