Apple has been in a free fall. It seems building a Bear Pennant. I'm 50%-50% if it plays out or not because there is a bullish divergence on RSI. I feel there is one more flush out before earnings in January!
Trade closed: target reached
Target Reached. Apple should bounce soon. $150 is a good support. I sold my puts and bought calls Jan 15th, 25th $160. It might rally up to $162-165. Then i would sell my calls and buy a put @130 Exp April or May. Preferably before the 1st. This Markets will sell off hard come January
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.