The Little Engine that Could

BY ANDREW GIOVINAZZI 

October 24, 2023 

Yo Pit Crazies,

 

If you missed my class with Mark on Saturday you can still ask for a replay for $97 and use that as a credit for Delta Strike.

 

On Twitter, I will never call it X, tell me what this stock is without telling me what this stock is. Of course it is Apple Inc (Ticker: AAPL) that traded to all time highs this summer. Revenue growth has stopped for at least a year but that did not stop the Appleros from driving it up for 3 months after earnings. Strangely, AAPL is right back to where it was the day after earnings when the market went on a 90 day win streak in May..

 

Since the last report things have changed but the AAPL earnings were quite a catalyst for stocks this summer.

6 month AAPL chart

 

Can AAPL do it again?

 

Microsoft Inc (Ticker MSFT) will set the earnings tone

Licia and Mark will be in Delta Strike tomorrow and MSFT will set the earnings tone this week. If it is good, they will use the trading engine for a short term trade to ride the momentum. If the earnings are bad, we will see new lows in SPX this week.

 

MSFT earnings are tonight.

To Your Trading Success,

AG

Andrew Giovinazzi

30-Year Trading Pro

pit profits

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CAPITOL GAINS: SMR Aug16 7 call closed for a 150% gain

DELTA STRIKE: VLY Mar15 8 puts closed for a 88% gain

PFE May17 26 calls closed for a 66% win

OP MENTORING: SPY Mar22/19 510 put calendars and 520 calls for 6.4% gain

OPTION SHOPPER: ERX Mar28 65 calls closed for a 90% gain

Andrew Giovinazzi

Andrew Giovinazzi

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About the Author

Andrew Giovinazzi

Andrew Giovinazzi

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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