Friday, May 4, 2012

$AAPL setup for June entry- 4may

here is the newest setup, stock is losing the 50day and has essentially filled the gap from earnings. now will be looking for a possible move down to the 555 level, if it holds there then price out June credit put spreads at/below the low near 515-520 level. premium looks pretty good, even 15 points higher.