Monday, November 02, 2015

AAPL Update #40 (Stock Purchase)

Nov 2

Analysis

AAPL continued to rise at the start of this week, closing up @ 121.18.  Volatility in AAPL is at the bottom range, collapsing after earnings and ranking at only 11% in the 52 week range. Options are cheap (as evidenced by the low premiums), therefore the stock I feel is in bullish mode.

700 shares of stock were called away as expected. I will use this cash to re-enter the trade. AAPL is also trading ex-dividend on Nov 5, with the payout date on Nov 12 (0.52/shr)

I have purchased back shares, but have elected to not place the collar at this time. I am going to wait a few more days and see if the stock runs up a bit before looking at a OTM collar.  I want to give this a good bit of room as I am expecting the stock to rise into the holiday quarter.

Upside supply is in the 130-132 range, about another 10pts away.

Trades

+677shrs AAPL @ 119.91 (81,179)
Total shares in the portfolio is now +711

-End