Thursday, May 12, 2016

AAPL 2016 Update #90

AAPL might be starting to turn. It is close to a weekly demand area (that has been slightly tested already a few times, but not very much).

I am going to roll the calls up and out in time a little to add some more time value to the position. If the stock rallies even just a little this will be beneficial.


+8c May W3 92.5 Call @ 1.53
-8c Jun W1 94 Call @ 1.53
Net debit: 0.00/c

This trade can be done for no debit, so the additional 1.5pts in gain will be free.

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