Wednesday, August 29, 2012

cost price for weekly options AAPL

20 contracts for average of 3.71, 675 weekly call
5 contracts for average of 9.0, 670 weekly call.

I am going to wait.

I understand what can happen. There is resistance at 270. So the stock  can go down a lot more but the chances of going up are more, talking probability.

Volume was low today around 7 million shares. It is a tight consolidation at 270 range. Anything can happen. But since it is in an uptrend the probability of going up is high rather than down ward.

Lets see. I have to roll over everything tomorrow anyway.

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