Buying Swing: adding AAPL 260 weekly calls at .77-.83 OVERSI
Posted: Tue Jul 06, 2010 10:27 am
Buying Swing: adding AAPL 260 weekly calls at .77-.83 OVERSIZED, expiring this week. This is an ad to the initial entry at .63 making the overall exposure 2x oversized. This should be day one of the multiday bounce on AAPL of very very oversold intraday levels reached last week. The gap up and strength we saw at open that brought the calls to 1.03, should see follow trough on her next leg up most likely after lunch. Again this is the 3rd attempt at a multiday bounce, so far so good it should here be beginning. There is the risk though of news of itunes being hacked by a developer, lets see if it has legs to hinder this bounce attempt.