{"id":68432,"date":"2023-06-05T09:08:28","date_gmt":"2023-06-05T13:08:28","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=68432"},"modified":"2023-06-05T09:29:44","modified_gmt":"2023-06-05T13:29:44","slug":"scott-redler-aapl-wwdc","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/06\/05\/scott-redler-aapl-wwdc\/","title":{"rendered":"Why $183 Matters for Apple"},"content":{"rendered":"

SPY<\/b> held the 8 day last week and Thursday. I bought some $421 calls for another breakout. SPY hit $428.74 and I took off half for ~75%. I'll trim the rest because they expire today. If we pull back a bit, I may add higher strikes. $431.73 is the high from last August.<\/p>\n

QQQ<\/b>: tech led the rally since March with many nice setups along the way. It might underperform in June. $352ish is upper support. We can't get too bearish if that holds. The AAPL event at 1:00 will be interesting. If that doesn\u2019t get sold, QQQ shorts will get punished. I sold premium higher to generate some cash flow.<\/p>\n

Now let's look at individual names:<\/p>\n

AAPL<\/b>: there are lots of upgrades and articles ahead of the 1:00 p.m. ET WWDC event with talk about AR and AI. They usually try and sell these events. $183 is a very interesting spot. See how it deals with that today. I bought stock and options as it held the post-earnings gap. I'll trim stock and hold options in case it clears the all-time high.<\/p>\n

TSLA<\/b> has kept rewarding traders since clearing $169.76 where I put my swing long on. It's given us multiple setups with plenty of options trades. It hit $217.25 Friday. I switched to another call spread and I\u2019m still long. I'll trim some and hold some.<\/p>\n

NVDA<\/b>\u00a0had a huge move that gave us so many ways to buy and trade it. The stock hit $419.36 with a topping tail to give clues it might need to consolidate for a while. We can be tactical here. Some got short Friday as it went green to red with a low of $390.58. This morning, see if there's a signal to go red to green, or if it sees $378 active support or the important earnings gap pivot.<\/p>\n

AMD<\/b>\u00a0triggered long after I listed it around $91.60. it's been special since then and above the 8 day. Last Tuesday, I mentioned to trim or look for a cute short as it was super extended. It hit $130.79. On Friday it made a lower high at $121 and went red. This morning it will be testing the $115.80 gap pivot. I\u2019ll see if there's an active buy vs. a 5-15-30 minute low.<\/p>\n

NFLX<\/strong> is tricky at times, but it gave so many set ups that I went over here. Last week it held $385ish and hit a high of $407.52. Use the 8 day as your guide.<\/p>\n

MSFT<\/strong> is still rewarding swing longs. It\u2019s been riding the 8 day with a high of $337.50. Keep managing the trade. Many are doing well with it.<\/p>\n

Scott Redler Positions Disclosure as of 2023-06-05 at 9.21.23 AM<\/em><\/p>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

SPY held the 8 day last week and Thursday. I bought some $421 calls for another breakout. SPY hit $428.74 and I took off half for ~75%. I’ll trim the rest because they expire today. If we pull back a bit, I may add higher strikes. $431.73 is the high from last August. QQQ: tech led the rally since March with many nice setups along the way. It might underperform in June. $352ish is upper support. We can’t get too bearish if that holds. The AAPL event at 1:00 will be interesting. If that doesn\u2019t get sold, QQQ shorts will get punished. I sold premium higher to generate some cash flow. Now let’s look at individual names: AAPL: there are lots of upgrades and articles ahead of the 1:00 p.m. ET WWDC event with talk about AR and AI. They usually try and sell these events. $183 is a very interesting spot. See how it deals with that today. I bought stock and options as it held the post-earnings gap. I’ll trim stock and hold options in case it clears the all-time high. TSLA has kept rewarding traders since clearing $169.76 where I put my swing long on. It’s given us multiple setups with plenty of options trades. It hit $217.25 Friday. I switched to another call spread and I\u2019m still long. I’ll trim some and hold some. NVDA\u00a0had a huge move that gave us so many ways to buy and trade it. The stock hit $419.36 with a topping tail to give clues it might need to consolidate for a while. We can be tactical here. Some got short Friday as it went green to red with a low of $390.58. This morning, see if there’s a signal to go red to green, or if it sees $378 active support or the important earnings gap pivot. AMD\u00a0triggered long after I listed it around $91.60. it’s been special since then and above the 8 day. Last Tuesday, I mentioned to trim or look for a cute short as it was super extended. It hit $130.79. On Friday it made a lower high at $121 and went red. This morning it will be testing the $115.80 gap pivot. I\u2019ll see if there’s an active buy vs. a 5-15-30 minute low. NFLX is tricky at times, but it gave so many set ups that I went over here. Last week it held $385ish and hit a high of $407.52. Use the 8 day as your guide. MSFT is still rewarding swing longs. It\u2019s been riding the 8 day with a high of $337.50. Keep managing the trade. Many are doing well with it. Scott Redler Positions Disclosure as of 2023-06-05 at 9.21.23 AM<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[736],"tags":[],"class_list":["post-68432","post","type-post","status-publish","format-standard","hentry","category-scott-redler-dog-bytes"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/68432","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=68432"}],"version-history":[{"count":6,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/68432\/revisions"}],"predecessor-version":[{"id":68451,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/68432\/revisions\/68451"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=68432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=68432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=68432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}