This week's Apple trading strategies (10/1-10/5)

A place for Apple 3.0 subscribers to share their ideas.

To get things started, here are Susquehanna's Stacey Gilbert and TradingAnalysis' Todd Gordon on CNBC Thursday discussing options plays in the wake of J.P. Morgan's $272 price target.

Apple could rally another 11 percent to record highs, says technician from CNBC.

Disclaimer: Since I’ve never owned Apple and have never been much of a trader, I have nothing to add. Don’t blame me if you drain your IRA doing something you read about here.

4 Comments

  1. Fred Stein said:
    In a month from today, Apple will likely report above mid-point results and strong guidance and considerable buyback. But, we’re just entering the time when Apple cannot buyback shares, so there may be a short dip that option traders can exploit. If that happens, Jan 2019 at around $240 would be my favorite.

    Note: The recent spate or target upgrades, indicates a strong quarterly report. The absence of supply chain rumors supports this as well.

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    September 30, 2018
  2. Gregg Thurman said:
    My January price target is $255. My preferred JAN Call Spread is $235/$240 at any price.

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    September 30, 2018
  3. Ken Cheng said:
    My only trading strategy advice is “not to play”, ie invest, don’t trade.

    Anyhow, I broke my advice on Friday, and bought 200 shs of Tesla at market-close. I figured it had likely oversold that day due to the SEC lawsuit. Giving it some thought, and since I had a little over $50k sitting aside, due to my Model 3 order, supposedly being delivered before quarter-end, thanks to a flurry of text messages from the Tesla Delivery Center, which I ultimately discounted as unrealistic.

    And thinking that Elon would wake up and realize he was being offered a great deal by the SEC, and settle over the weekend, decided to put that money to good use, and possibly lower the cost of my Model 3, bought the shares at the close. I fully intend to sell those same shares this week, probably Tuesday, when the quarter’s production report comes out. Knowing how much Elon likes to hit targets and how hard Tesla was working to deliver cars right thru Sunday, I figured this was a fairly safe short-term bet.

    Glad to say this ST bet is up 17% in a day. I realized I could have sold at the open, and made about 15%, having held the stock for less than 1 minute during market hours. I’ll never ever match that again!

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    October 1, 2018

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