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February 3, 2016 - MDT Alert - (AAPL)

MDT Alert

While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Bill Davis, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.

If you were on John's webinar today, you probably heard me say that I felt we would get the reversal in the market.

There were a few technical reasons why I felt that way, which I will share on next week's webinar.

Suffice it say that we are getting the dead cat bounce.

The S & P bottomed at 1,872.23 and and is now up just under 11 points as I write this.

Based on the this action, I would like to make a suggestion on Apple.

Apple is reversing off the bottom band today.

I would like to suggest you buy the February 5th- $97 Calls.

They are quoted say $.42 to $.44 as I write this.

Limit the trade to only a 5 lot, which is a risk factor of .22% based on the $100,000 portfolio.

It is possible that Apple may pullback tomorrow morning and if that is the case, I will add to the position.

The upside could be a move to the $101 area, which would mean these calls could be worth about $4.

Do not overtrade this position because these are the front week options.

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https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png 0 0 DougD https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png DougD2016-02-03 15:52:102016-02-03 15:52:10February 3, 2016 - MDT Alert - (AAPL)

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