AAPL Update and P/L

The goal of Friday's AAPL Call position was a short term, quick move based on some good signals, in fact the expiration was July 20, this Friday so you know I really was looking to capture a short move.

From Friday here was the first post, AAPL Update, and this is where I thought a short term upside move was coming, but started to question the wisdom of keeping the longer term (long) equity position (which is at a nice gain) open or to close it and open it on a pullback. I still don't have the answer to that question as the problem for me is in the 10-15 min charts and it's too early today for them to develop much.

Then came the Intent to open an AAPL call position.

And then another update Friday for AAPL.

This morning I got the move I wanted to capture, with such a short expiration, I was looking for momentum and AAPL did a great job this a.m.

At the $7.50 fill this morning, the position made +50% for approximately 2 hours of market exposure.

 This 3 min chart shows the divergence late Friday that looked like AAPL was getting ready to pop on a momentum move, not a long term move, not based on that divergence, but a quick momentum move, thus I used the shorter dated expiration.

Here on a 5 min chart you see migration of the same divergence and the same strength building late Friday apparently after the Op-Ex pin was over.

This 10 min chart was out of line like this Friday and this is what caused me to question whether to ride out a pullback in the AAPL long equity position which is up almost +8%.

There's some trouble on the 15 min too, if these start to improve today I'll likely just keep the equity AAPL long open, if they get worse, I'll have to consider closing it or a partial close and looking to re-enter at better prices because I do think AAPL has more upside before it is done.

 Take the 2 hour chart's leading positive divergence, this suggests AAPL will make more upside gains on a counter trend rally, not a change in the primary trend though.