As you can see from the chart of AAPL the stock has gapped up right to an established resistance line around 573. The front month premium is loaded with volatility and this puts us in a good position to collect cash from this bearish credit call spread. My expectations are that the stock will make a move to fill the gap just like Netflix did this week. Take a look at a daily chart of NFLX and compare the chart to Apple. You will see the similarity in price action.
Options Oracle: 04/24/14
Posted on April 24, 2014 by AJ Monte in Options Oracles
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