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Here's split-adjusted intraday data for AAPL since the late April gap (most data providers will not back-adjust the intraday data so I did it with existing data). Really looking forward to seeing how it behaves Monday. I typically do not trade stocks with such large spreads and have mainly traded it with options, and now that this is a sub-$100 stock, I am excited about it. I am hoping for at most a 2-penny spread on average. Feels weird to see these low numbers and it will take a little getting used to... After a little shake and bake and at least a few days/weeks of taking the money of the retail who's really happy to be able to afford this stock, my guess is they will try to run it to $100 ($700) pretty soon.
An idea for AAPL today -- don't trade it. Just look at it, it's HFT paradise... probably will be for a few days. yuk
I ignored my own advice and took a long stab that worked, but it is too violent for me right now. Nice to see it moving, but it will be a better stock to trade after it calms down, I hope.
Mostly options, because the spread was large, price was high. Then again, the options were pretty much the same in these two respects too :-)
The new AAPL seems like it will be a good day trading stock from what I've seen so far. It's calmed down and I've taken a couple of trades in it. The 1-3 cent spread makes controlling the risk easier, though of course the moves are proportionally much smaller than the old AAPL. Still, it will be nicer to pay a smaller spread when I have to take liquidity with the new AAPL, as has to be done often with sub-pennying, queue-jumping HFTs hiding behind the NBBO.
The options now are pretty tight so far too, which is great if you prefer to use options.
Planning for kid's college is a great idea, however you decide to implement it. Good luck!
Always good to plan ahead, but don't put all your eggs in one stock. Have a plan to diversify. Let's say you are willing to commit to an investment of $1,000 per year. Put it into the market once per month (1/12th %) this way you are buying on ups and downs and not all at once. Also consider using index funds on the whole vs singling out an individual stock, it's simple and effective.
Volume is actually less than normal -- the float has just increased 7x, but the volume the past two days is running a little less than 6x of the 20-day median volume (about 11M). BTW, whatever you're using for data there seems to be incorrect -- volume today was 62.7M shares and your chart appears to indicate about 50M.
