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Buying Swing: buying AAPL August 280 and 290 calls at 1.86 a

Posted: Thu Jul 22, 2010 2:31 pm
by MMASSASSIN
Buying Swing: buying AAPL August 280 and 290 calls at 1.86 and 0.75 respectively . This is my first entry into August calls on AAPL as I see us on the verge of a mutiweek to multi month bullish tern on AAPL . I have not seen a multi month positive setup like this since February and after that AAPL gained in a matter of 3 months 70 points. Will also be watching closely the September calls if this 260 is passed. I believe there is a great deal of pent up pressure here with this intraday triangle and unique longer term pattern so would expect a 260 pass to lead to a sharp spike if it was cleared at the close. then again if she fails to pass 260 at the close that could lead to another multiday shake and a deathblow to the weekly 260 calls.