Short Takes

Betting on a Top in AAPL

– Posted in: Short Takes

AAPL and QQQ are a micron from hitting MAJOR 'D' targets simultaneously. The QQQ chart is in the current tout. The AAPL chart is here: https://bit.ly/38wCGn3 I'd suggest Oct 1 135/140/145 put 'flies, paying no more than 0.30, but lowering the bid by a penny for each 20-cent rise above 153.90. That's where you should start trying to buy the spread (eight times, officially). If you can leg in for under 0.20 at any time over the next two weeks, put it on 50x.