$AAPL #Options — the $10K scalp…

THE SIMPLE STRATEGY

TRADES are based on this simple day-trading strategy to be on the long side of the calls and puts for day trades; and referenced in this story — I told a guy how to make 100% day trading options and I doubt he believes me; and the discussion here is from a previous AAPL scalp post.

10/13/2022 — During the day…

I’m bringing this discussion back because the AAPL 134CALL, expiring tomorrow, is up $16,000 as of this writing on a $10,000 trade in the midst of an across-the-board bounce in a massively oversold market.

See the chart at the end of the discussion.

AAPL AND THE MARKET — JOINED AT THE TOP…AND THE BOTTOM

To state the obvious — the market goes nowhere without AAPL.

Whether it is up or down, AAPL, as far as stocks go, is an important market indicator.

If AAPL is up, likely so is the market, if down so is the market. And then there are some days when the market is down and AAPL is up. At which time move up to the edge of your seat because it’s likely that the down market will reverse. Same for an up market with a down AAPL.

Besides SPY options, AAPL options are the next best thing — tons of volume, tight spreads, close stops — and when the market is in rally mode a fast day trade.

When the key market-timing indicators, the NYMO and NYSI, are both up to state another…