My best read on AAPL is that post earnings run up is all but gone. All the selling in the intense Friday action could not bring it all the way back to pre-earnings wave $128. It DID hit the top trend range PRE-breakout earnings run and that has been the support since Friday.

I don't know how much validity the whole GME hedge funds using AAPL to pay their options losses off but as long as we hold above Friday low $130.21 (And note that thus far we have not breached Friday low) AND as long as markets don't fall over the cliff then AAPL will rip upward at some point.

I have a complicated trade on it at this point beyond the call options. I used the open to buy weekly $130 Puts as a protection hedge on market failure. I went ahead and sold Feb 19 $142 covered calls on 100% of shares purchased Friday. So for every 1000 shares average buy $131.46 I get either $10+/share (if call out being above $142) OR I used a little more than half that call premium to buy the weekly $130 Puts, in case markets fail. If anywhere in between $130 to $142 I am willing to guarantee holding above these levels would see AAPL closer to the upward end of those 2.

And of course I kept the $150's and had added a half share at $140. To complicate the trade further, if AAPL climbs above $142 next few days then the premiums on my $140 calls would start slowing down being in the money and I could either sell the shares at whatever price above $142 knowing I had equivalent calls in place to be called out on my covered calls using my $140 calls. Any pullback by AAPL would then let me buy shares again since minimal capital is in the trade. If it keeps running then the $150 calls are my additional profit.

I don't use all of these all the time, but when we have sold off and have nervous markets I pretty much look for openings to wrap up a large trade like a good south Texas enchilada.

$CLOV Feb 19 $12.50 puts filling for $.95.

Keep the money or $11.55 entry.

March $12.50 for $2.00

Keep the money or entry at $10.50

https://discord.gg/uYKkTe3E

Discord for anyone that didn't see it this weekend.

Entered NLS Feb 19 $30 calls. Broke out and cup would be $28 area which would be close to 100% ROI if occurs this week. Then targeting $2 with $0.50 stop.

Bocephus said:

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Bought more GME at 245 & 250

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