The Nasdaq finished the day up which makes 5 in a row lead by Facebook, Apple and Amazon. Facebook opened higher and ran up for 6 today. That makes 20 points since I said it was a screaming buy at 166.50 after earnings.
Apple had a morning dip that created a buying opportunity for those who had not got in yet you could have bought it today for 207.55. It ran up for a new high today and would have been nice for someone buying Call Options a week or two out.
Alphabet (GOOGL) is in a trading range as I mentioned last week. It closes Friday on an up swing at 1238 and opened today at 1242 pointing down. I bought Put Options near open and should have sold them on the first dip at 9:45am for the best profit of 3 points. That was the maximum price for the 1230 Put Options even though it dipped to 1230 and change a little after 11am. At that point it was time to reverse direction as Alphabet would go positive for a moment a little after 1pm. I bought 1240 Call Options a little early and sold a little early too. I was still profitable but I could have made twice as much.
I am looking for more downward movement on Tuesday and a recovery to begin late Wednesday afternoon. That doesn't mean that I will trade that way as I will read the market and what happens. We will probably hear something funky from President Trump that will create a huge movement in both directions one day this week as usual.
Apple had a morning dip that created a buying opportunity for those who had not got in yet you could have bought it today for 207.55. It ran up for a new high today and would have been nice for someone buying Call Options a week or two out.
Alphabet (GOOGL) is in a trading range as I mentioned last week. It closes Friday on an up swing at 1238 and opened today at 1242 pointing down. I bought Put Options near open and should have sold them on the first dip at 9:45am for the best profit of 3 points. That was the maximum price for the 1230 Put Options even though it dipped to 1230 and change a little after 11am. At that point it was time to reverse direction as Alphabet would go positive for a moment a little after 1pm. I bought 1240 Call Options a little early and sold a little early too. I was still profitable but I could have made twice as much.
I am looking for more downward movement on Tuesday and a recovery to begin late Wednesday afternoon. That doesn't mean that I will trade that way as I will read the market and what happens. We will probably hear something funky from President Trump that will create a huge movement in both directions one day this week as usual.
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