AAPL September $675 Calls

You may recall last week when first trying to get a fill on AAPL weeklies I could not get a fill so I went with the next best thing, AAPL September $675 calls, only to later see that the weeklies were filled.

The entire point of the weeklies was looking for a quick move up in AAPL that actually failed later on Friday, if you were lightening fast, that play could have worked as the Weekly calls were up 22.5% for a fair portion of the morning. There were some late day signals that made me think we might see a late day surge.

The bigger picture was this was more of a hitchhiking trade in looking for AAPL to make a higher price concession and ultimately that is what I had hoped AAPL would accomplish Friday, allowing the weekly calls to gain huge while being able to sell those and fund the second half of a Put position from a over a week ago (a week from last Friday the first 1/2 was opened, the second half was waiting on the AAPL price concession above the smaller triangle).

Here's AAPL now, I'm still holding with the September $675 calls and intend to for the time being.

As an aside, BIDU was another in a similar situation, it remains a core equity short, but if there is a price concession lowering the risk another BIDU put position may be considered as the last BIDU put was closed for a 102% gain.

 AAPL this morning on a 15 min chart

 AAPL and a 5 min 50 bar m.a. I'll be watching as traders like to use this moving average/timeframe.

 The 1 min shows strength Friday afternoon, the reason I had hoped for a late day surge, the open was in line today.

 The Friday strength in the afternoon, an in line opening today

 The same theme on the 3 min chart.

 An the 5 min chart


The larger theme on the 30 min chart and why I hope to get a price concession above the $678-$680 area in AAPL and at least $122 in BIDU, then I'll start paying attention to BIDU.