AAPL to $197

Licia Leslie

BY LICIA LESLIE

December 6, 2023

Hi Shoppers,

After a twelve session (days) consolidation period or box range, Apple (Ticker: AAPL) has finally busted out to the upside:

Looks like it is heading back to the previous high at $197 and from there $205.

Next week’s calls:

I think money can be made on the 195 calls.

Use the top of the box range as a support level for your stop loss at $191.85.

Trade Review

Russell 2000 Index (Ticker: IWM) has traded higher and taken a breather yesterday. The chart is still intact for it to trade $190.

Thanks for Reading … See You Next Tuesday,

Licia Leslie

Licia Leslie

Head of Technical Analysis

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

Licia Leslie

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About the Author

Licia Leslie

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.