Options Outlook For The Week Of February 24: Apple Still A No-Touch

Noteworthy points for this week:
Markets recovered but don't expect strong comment from the bulls.

• The Google GOOG play last week was to sell iron condors and buy in the money spreads for premium arbitrage. Was a nice win for traders that took advantage.
• Apple AAPL was a no touch and is still hated by the markets. And, it has not been able to reverse selling in one session. Sellers may lose confidence as the issue approaches the $505.00 level. That's where the company (and the likes of Icahn) defended its own stock on the last dip. So soon some credit put spreads should work for those paying close attention.
• Priceline PCLN: The best earnings plays are after the earnings and not into them. Trying to guess which way the markets will react to earnings is a coin flip at best, regardless of company quarter performance. The spread went to max gain without a sweat.
• Amazon AMZN showed some promise at the open only, but it couldn't hold and had another weak day. Keep an eye on a credit put spread.
• LinkedIn LNKD: Ideal entry target was around$180.00. If it shows stability here, traders might want to take credit put spreads in the issue.
• Other tickers in this week's outlook: Mastercard MA, Equinix EQIX, Ralph Lauren RL, VMware VMW, Panera PNRA, Chipotle Mexican Grill CMG, BlackRock BLK, Goldman Sachs GS, Intuitive Surgical ISRG, CF Industries CF.

Check out the video below for a recap of this week's outlook: