Stock Market Today : July 9th - 13th - Page 22

Quote:

Originally Posted by Venom08 

AAPL $606 has been retested and now I hope it ends the day over $608.

I dunno man .... weekly max pain of 605 seems likely to get pinned still

Quote:

Originally Posted by Rock Sexton 

 

I dunno man .... weekly max pain of 605 seems likely to get pinned still

AAPL stock fanbois like myself currently have higher pain thresholds.

Quote:

Originally Posted by rst 

Screw as many option holders as possible is the norm.
That's why you take profit on options when you have them!
Dumped AAPL 605 Calls earlier while they had good value. They look to be expiring out of the money and worthless.

With the TRIN down to .68 i plan on selling BAC at the close and picking up some TZA going into Monday as i think we could see a pullback..

Next week is going to be very important as far as technicals go. I think we have to get over 1360 and close strong above it for the week in order to continue higher here. If not, we may be heading back down to 1300.

Quote:

Originally Posted by tones 

I don't even care if u acknowledged it I'm still gonna repeat it lol.. Don't trade aapl options on Fridays!! haha

Probably .... just kind of depends on the range established, as well as what the market is doing.

Didn't help myself initially when I was going to buy my first set of calls and I accidentally bought puts.  Put myself in a real hole by the time I noticed which led to some forced chop trades.  There were still a good 2-3 opportunities that showed themselves after that and I fought my way back.  You just have to be aware of the max pain.  It will commonly find it's way there during the trading day and/or revert back towards it at the EOD so that those options writers make their cheddar.  One can definitely use it to their advantage.

Quote:

Originally Posted by OldFart 


That happens more often then you think lol.
I ended owning twice as many losing contracts when I hit buy to open instead of sell to close bacause that's the default setting in the brokers page. Super pissed but it was my mistake.
Had to live with it. Reversed the trade for almost a 50% loss.

Yikes.

Honestly, I don't even know wtf I was doing.  The call side is clearly to the left and the puts to the right on my platform.  I just went completely brain dead and for some odd reason clicked the puts.  It was like my hand had a mind of its own.

Im exiting my long from 1325 http://www.hotstockmarket.com/t/237346/stock-market-today-july-9th-13th/280#post_2876746

I like that we rebounded here, its a good sign for the bulls, but I feel we have maybe 10-15 points of upside here, so Ill cash out here and stand aside.

1355 is a good exit.