$140 end of next week
$Apple(AAPL.US$ especially when the discrepancy comes from XL and L transactions
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I block accounts with no name, pic, trading history or posts that try to follow me. Sorry hedges
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Mr Trecherous : So if you were to go with the 140 on Apple do you short it or buy puts?
Mike Hunt OP Mr Trecherous : If it’s low IV like apple I buy puts. If it’s high IV I either short it or sell calls to open. I’ll buy 8/19 puts on this with expectation of cashing out end of month.
Mike Hunt OP Mr Trecherous : It’s normal. Red day with capital outflow or Green Day with capital inflow is what you expect from a stock. What I’m keying on is when a stock has a Green Day with capital outflow meaning shorts are being established OR a stock has a red day with capital inflow meaning shorts are being covered. Here are 2 examples from today. I’ll make bearish bets on PENN and bullish bets on SPWR. I look especially closely at the XL and L transactions because those tend to be institutional
Mike Hunt OP Mike Hunt OP : The greater the discrepancy, the more confident I am in the play
Mr Trecherous Mike Hunt OP : Thanks
Mike Hunt OP Mr Trecherous : You’re welcome. Again, most of my shit I do I’ve figured out through trial and error. @SpyderCalland @Keanu Jesuswhat’s your take in my theory in this chain? Red day+capital inflow = go long AND green day + capital outflow = go short. I’ve had success with it especially if the stock had a +/- day of more than 5% with the outflow/inflow being substantial on the XL or L level
Mike Hunt OP Mr Trecherous : On this apple play, it wasn’t a huge Green Day and if it was just barely outflow I wouldn’t play it. I’m principally playing it because of the XL and L numbers being so heavily to the outflow side
Mike Hunt OP Mike Hunt OP : If the red and green in the circle are only slightly one way or the other I ignore it. But here it’s a 40 to 34 ratio which is substantial especially for apple.
Mike Hunt OP Mr Trecherous : Here’s a good one. Look at how green it is +4% yet how crazy the capital outflow is especially XL and L. I think another reason this system works is it adheres to the concept of buying puts when a stock has a Green Day and calls on red days
Mike Hunt OP Mike Hunt OP : @Conn_00read this post and comments
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