I don't know much about this and I don't care to, but apparently a deal signed between AAPL and one of China's largest mobile networks seems to "still" be in negotiation, apparently even after it was signed. That seems to be the reason AAPL did this today.
And this has been good for our AAPL January $550 puts, they're still a bit in the red, but have recovered a lot today.
AAPL has had a nasty 15 min negative, but the 30 and 60 min had been in line which means I'm less inclined to look at AAPL as a core short. It's difficult to figure out if AAPL took a massive revaluation dive like MSFT did around 2000 and went in to a broad trading range, ironically after they declared a dividend much like AAPL recently did. So the question in my mind is, "Is this the new normal, AAPL has just moved from growth /momentum stock to blue chip, low volatility dividend stock like MSFT did. Take a look at MSFT in the 90's, it was every bit as much a momo stock as AAPL was before the -45% fall, the dividend seems to be what killed perhaps both of their momentum, but it remains to be seen with AAPL.
On the other hand I haven't made any new commitments in AAPL because almost all of the charts other than the 15 min are pretty close to in line. Recently the 30 min has slipped. So we'll be watching intraday charts today for any sign of what comes next for AAPL and how to teat those Jan Puts.
This is the 15 min negative, it has been screaming for a while now, but alone.
Perhaps today will shake something lose.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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