BY LICIA LESLIE
February 28, 2024
Hi Shoppers,
Apple (TIcker: AAPL) is really trying to get off the mat.
It has again revisited and traded below the support level of $181.
APPL did manage to close above that support, which is most important for honoring that support.
Yesterday’s action created a bullish engulfing candle which completely engulfs the real body of the previous day’s candle, a bullish signal.
If AAPL opens and trades higher, I will be shopping for Mar08 calls:
I like the 185 calls.
I see AAPL trading back up to $190.60.
Remember to let the stock open and trade higher for at least an hour before hopping in.
Use a close below $180 for your stop loss.
Trade Review
Costco (TIcker: COST) trading higher and still looking bullish.
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
See what's hot at option pit
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