Friday, July 27, 2012

1PM AAPL + SPX Technical Analysis

 Red Apple's AAPL Update
Scaling in on an oversold stock

August 3, 580 calls @ 5.5

Playing the oversold AAPL bounce 
This is a 80% trade. (90% if we hit 555-565 zone along with hourly rsi under 25)
Would be a dream come true if we gap down on Monday to fully scale in, but at this moment it looks like a gap up and go instead.
(Most of the time I only play weekly options and common stock) 













 SPX Update

 We are approaching a MAJOR resistance on SPX






-Red Apple