Thursday, December 13, 2012

AAPL Charts -January $525 Calls

I only like options for short term trades, I don't like holding them any longer than I have to. I also tend to like in the money and a further expiration than I think I'll need, they don't make as much, but overall I've seen much better, more consistent success.

 1 min going leading positive from a relative positive divergence

 3 min leading positive

 5 min leading positive

10 min is in line.

I expect a short, probably strong move up in AAPL, the Q's need it! Then I expect AAPL to make a new low for this leg and then there's a longer, bigger base in place for a longer term long trade, but that's still a ways off.

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