Hello Traders,
Wild Monday?
We woke up to a rather scary morning with big red everywhere. Knowing we only had positioned for the long side of the market at the Friday close. We were a bit worried but jumped into the market strong.
We grabbed AAPL right at open as it was near the psychological support near $100. It worked in favor for us as we were out of our position from friday in green within the first 30 mins of market opening.
Re-Entered long around $105-106 level.
We also added some put positions for $100 strike at the end of the day to hedge against the potential downside. We could see another leg down to fully test the $100 level but we'll have to see about that.
For now we're long AAPL, FB, MSFT, and IWM. Downside hedge on AAPL and QQQ.
AAPL premiums shot up like crazy today so if you want to join us long make sure you wait for some pull back before you jump in and make sure if you're playing options, get enough time for your expiration.
*NOT A FINANCIAL ADVICE, THIS IS JUST OUR PERSPECTIVE AND WE DO NOT RECOMMEND ANY TRADES WE PUBLISH ON OUR CHANNEL. YOU WILL LOSE MONEY.
Wild Monday?
We woke up to a rather scary morning with big red everywhere. Knowing we only had positioned for the long side of the market at the Friday close. We were a bit worried but jumped into the market strong.
We grabbed AAPL right at open as it was near the psychological support near $100. It worked in favor for us as we were out of our position from friday in green within the first 30 mins of market opening.
Re-Entered long around $105-106 level.
We also added some put positions for $100 strike at the end of the day to hedge against the potential downside. We could see another leg down to fully test the $100 level but we'll have to see about that.
For now we're long AAPL, FB, MSFT, and IWM. Downside hedge on AAPL and QQQ.
AAPL premiums shot up like crazy today so if you want to join us long make sure you wait for some pull back before you jump in and make sure if you're playing options, get enough time for your expiration.
*NOT A FINANCIAL ADVICE, THIS IS JUST OUR PERSPECTIVE AND WE DO NOT RECOMMEND ANY TRADES WE PUBLISH ON OUR CHANNEL. YOU WILL LOSE MONEY.