Apple had a big sell off after earnings. Missed phone sales. Took a short at $222 @1 day before the earnings and sold @2.99 when the stock hit $199. I think there is one more short entry developing. I bought a Jan 18th 2019 $175 put @ $1.25 again. Risky but reward 100%-300%. Good Luck
Not and Investment advice. Just sharing my short trade on apple
Not and Investment advice. Just sharing my short trade on apple
Trade closed: target reached:
My short target hit @2.99. Apple could find a small support here for the short term. But I think it will drop more. I will reopen shorts if it bounces tomorrow.
Trade active:
Reopened shorts on the bounce of 200EMA. With all the negative news on Apple we should see the completion of the "bear flag" $182-$185 before rebounding with higher volume.
Trade closed manually:
@4.89 Closed the shorts