Short term plays for options traders. (<30.d OTM 130 CALL and <60.d OTM 140 CALL)
APPL is currently sitting on a level of demand accumulation, if it breaks $125.14 there is a stronger level of demand right below it at $123.52-$121.115. I'll be waiting to see how the week ends, if it can hold the current level one can get into a 30 days OTM 130 call right below the level of supply. If the current demand level breaks and goes to the following demand at $123, the OTM 130 CALL is still a good option but I'd be looking for a <60 days $140 OTM CALL since buyers will come in rolling at a lower level and momentum shall pick up. Be aware of delta, gamma, and theta when getting into the trade.
APPL is currently sitting on a level of demand accumulation, if it breaks $125.14 there is a stronger level of demand right below it at $123.52-$121.115. I'll be waiting to see how the week ends, if it can hold the current level one can get into a 30 days OTM 130 call right below the level of supply. If the current demand level breaks and goes to the following demand at $123, the OTM 130 CALL is still a good option but I'd be looking for a <60 days $140 OTM CALL since buyers will come in rolling at a lower level and momentum shall pick up. Be aware of delta, gamma, and theta when getting into the trade.
Note
Supply level was triggered.Note
Supply Level is working wonderfulNote
I am Long 140 call as of this AM when it hit the level of Demand at 123.52Trade closed manually
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.