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Price Break Gives Huge Option Gains in $AAPL
In our TNT Options Trading Service on December 3rd, we talked about the stock, Apple ($AAPL). After watching the trend and the iPhone maker’s stock, along with the broader market, we suggested simple targets for $AAPL if the stock were to break it’s $185.00 flat-line, and how best to play the break which it was […]
In our TNT Options Trading Service on December 3rd, we talked about the stock, Apple ($AAPL).
After watching the trend and the iPhone maker’s stock, along with the broader market, we suggested simple targets for $AAPL if the stock were to break it’s $185.00 flat-line, and how best to play the break which it was sitting on, as seen below:
The stock proceeded to gap down sharply Tuesday morning below our entry! Although patience and discipline dictated that we wait for a retest of the $180 flat-line, which ended up failing and making some pretty nice gains on the downside for the rest of the day to the close. The next day, Wednesday, the stock gapped lower again, below our secondary support at the $176.46 flat-line which was supported at the closing bell on Tuesday, and ended up providing the perfect opportunity to get long our puts again!. Traders were rewarded for their patience with gains ranging from 55% to 90% quickly. Throughout the week AAPL provided additional opportunities to trade, and roll positions, as it made its way through support zones. Below is how the trade played out with the week ended 12/07/2018 included:
Some of our subscribers took advantage of that move and it sure paid off!