This week’s Apple trading strategies (2/10-2/14)

A place for Apple traders and investors to share their best ideas.

To get things rolling, here’s CNBC’s favorite Apple bull, Wedbush’s Dan Ives, assessing the Wuhan coronavirus scare and advising listeners to buy Apple on the dips. Cue the video:

Finally, Apple vs. the Dow last week: Not a day without a gap…

Disclaimer: Having never owned or traded Apple, I have nothing to add. Don’t blame me if you drain your IRA doing something you read about here.

See also: Last week’s Apple trading strategies.

7 Comments

  1. Robert McDonald said:
    Foxconn plants that manufacture the iPhone in China are to remain shut down. I don’t think this is the time to buy the dip.

    Authorities order Foxconn to keep Chinese facilities closed…
    http://appleinsider.com/articles/20/02/08/authorities-order-foxconn-to-keep-chinese-facilities-closed

    Coronavirus Could Bring Tech Supply Chains to a Halt
    https://www.barrons.com/articles/coronavirus-could-bring-tech-supply-chains-to-a-halt-51581125237?emailToken=502697d75adcc68f338020cfb7b1faabwsJqHJx61a3liYGT5H7LaV05x2QZdt%2BsIixH%2BI9bBm8cHpPSukm24a5l484LdirOJJFGH5FyXEIddSfL3FHY2byUwD5TJFak31VnTKXAhrURgFV2Jfg8JwGjOC8tDDJO

    Sent from my iPhone

    0
    February 9, 2020
  2. Gregg Thurman said:
    Last weeks trades worked really well, recapturing almost 40% of what I lost the previous week, with an ROI over three positions of 28%.

    Tomorrow I will continue buying Call Spreads that are deep in-the-money for FEB 14 expiry. This time however, because of the ongoing (stupid) threat of more Wuhan Flu stories meant to scare vs inform, I’ll be a bit more reticent about jumping in. I’ll be lowering my desired 15% – 20% ROI to under 15%. If the scaremongers remain in hiding, and AAPL continues its march upward I’ll add to my conservation position with Call Spreads priced $5 higher. Otherwise I’ll settle for an under 15% gain.

    2
    February 9, 2020
  3. Gregg Thurman said:
    PS, I’m anticipating a slight selloff early In Monday’s session.

    1
    February 9, 2020
    • Kenny Kruger said:
      Probably Similar to last Monday. A quick pop and then lower close. Recovered 100 percent last week from 1/31 rout. Gave back a little chasing on Friday. Buy the dips has been working since September. Mostly cash , holding September 300/320 call spread. Scalping weeklies. Fun times!

      1
      February 9, 2020

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