AAPL Update

May 22, 2011

Over the last two weeks we have been playing AAPL with great success. Weekly calls and puts have increased over 300% in one - two day trades.

Of $330 is taken out to the downside we are looking for a move to the $310 area. Weekly puts would be a good way to play this move.

If the level where AAPL holds on Mondays open AAPL can build strength to break the last high at $342.50. This scenario does have less odds right now as our daily Kill Zone bars are red.

There will most likely be two waves down to the $310 level.

Happy Trading,

www.eMiniSchool.com