Yesterday AAPL tried to get it together around noon and onward as you may have seen the post in which I mentioned considering AAPL as a day trade with a trailing stop.
If AAPL can make a few more improvements, I'd consider it for another short term call trade.
Here's what we have and what I'd like to see to consider the short term options trade. What may be most telling is the near term action on the recent news yesterday and this morning. The news wasn't good, but remember it isn't the news, it's the reaction to the news and even if these moves or attempted moves are just short term set ups to dump AAPL at higher prices (which we don't know yet), they can still be traded as long as they have high enough probabilities.
AAPL 1 min today is trying to get something together right now, I'll probably keep a close eye on this chart as it means a lot to the following charts.
The 2 min chart showing the improvement I talked about yesterday and from that post AAPL gained 5 points, ok, not a lot, but a 1% move in a few hours. The leading positive divergence today would be helped greatly by the 1 min chart strengthening, but this isn't really where the decision needs to be made.
The 3 min chart also improved around the same time yesterday and is in a relative positive divergence now, if this chart can start to lead positive then probabilities look better.
The same with the 5 min chart which is also relative positive (it's a weaker divergence, but often how they start), so if the 3 and 5 min can start to lead, I'd consider a long trade in options, even if its a day trade.
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