{"id":37739,"date":"2019-02-05T11:08:06","date_gmt":"2019-02-05T16:08:06","guid":{"rendered":"http:\/\/www.t3live.com\/blog\/?p=37739"},"modified":"2019-02-05T11:08:06","modified_gmt":"2019-02-05T16:08:06","slug":"scott-redler-aapl-low-expectations","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2019\/02\/05\/scott-redler-aapl-low-expectations\/","title":{"rendered":"Scott Redler\u2019s Apple Pie: When Low Expectations Get Surpassed"},"content":{"rendered":"

One of the big market stories earlier in the year was Apple's <\/strong>(AAPL) big guide down on January 2.<\/p>\n

That led to a big mystery – whether expectations were low enough ahead of the January 29 earnings print.<\/p>\n

I took calls into the report because I thought the stock could clear $159 if it was just in-line. With calls, I had defined risk. I don't take stock into earnings because of the open-ended risk.<\/p>\n

\"\"<\/span><\/p>\n

AAPL was deemed ‘good enough' and the stock gapped up big on 1\/30.<\/p>\n

The 1\/30 low of $160.23 became the spot to trade against for new longs. That level needed to hold to keep the move intact.<\/p>\n

\"\"<\/span><\/p>\n

AAPL then held higher and formed a bull flag over $169, which was another opportunity to add:<\/p>\n

\"\"<\/span><\/p>\n

With the big up move, I've been trimming stock and I turned my calls into a spread. This is when we manage the trade with a Tier system.<\/p>\n

Looking forward, there's a chance the stock can work to $183ish in time. But as always, we'll take it day by day in Redler All-Access, as we're doing with dozens of names each day. (sign-up info below)<\/p>\n

\"\"<\/span><\/p>\n

Positions Disclosure:<\/strong> as of 2\/5\/19 at 10:14 a.m. ET, Scott J. Redler was long NIO, CRBP, FB, TWTR, NBEV, IQ, BAC, ETSY, TWTR calls, SPY puts, AAPL calls; is short SPY, AAPL calls<\/p>\n","protected":false},"excerpt":{"rendered":"

One of the big market stories earlier in the year was Apple’s (AAPL) big guide down on January 2. That led to a big mystery – whether expectations were low enough ahead of the January 29 earnings print. I took calls into the report because I thought the stock could clear $159 if it was just in-line. With calls, I had defined risk. I don’t take stock into earnings because of the open-ended risk. AAPL was deemed ‘good enough’ and the stock gapped up big on 1\/30. The 1\/30 low of $160.23 became the spot to trade against for new longs. That level needed to hold to keep the move intact. AAPL then held higher and formed a bull flag over $169, which was another opportunity to add: With the big up move, I’ve been trimming stock and I turned my calls into a spread. This is when we manage the trade with a Tier system. Looking forward, there’s a chance the stock can work to $183ish in time. But as always, we’ll take it day by day in Redler All-Access, as we’re doing with dozens of names each day. (sign-up info below) Positions Disclosure: as of 2\/5\/19 at 10:14 a.m. ET, Scott J. Redler was long NIO, CRBP, FB, TWTR, NBEV, IQ, BAC, ETSY, TWTR calls, SPY puts, AAPL calls; is short SPY, AAPL calls<\/p>\n","protected":false},"author":4,"featured_media":21349,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[671,76],"tags":[],"class_list":["post-37739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-no-ads","category-scott-redler"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/37739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=37739"}],"version-history":[{"count":12,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/37739\/revisions"}],"predecessor-version":[{"id":37757,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/37739\/revisions\/37757"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/21349"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=37739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=37739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=37739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}