Wednesday, June 12, 2013

Adding the same Partial Spec Position in AAPL July $425 Calls

Again, I'm leaving room to add to these as I suspect we'll get one more pullback and stronger divergences, but I don't want to take the chance, this is not greed, this is based on VERY strong 3C charts, what I needed to see. If anything I'm being conservative.

I think AAPL could retrace up to 50% of the decline from $700+ so it is probably a workable long equity position as well if you prefer no leverage.

Be careful about having long QQQ, long Tech with AAPL as well.

No comments: