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BarnardR
Nov 10, 2021 7:29 PM

AAPL Weekly Options Play Short

Apple Inc.NASDAQ

Description

Description
AAPL Demand line rejection and impending bearish MACD Cross.

Long Put
Levels on Chart
SL on a daily close > 150.
*Stops based off underlying stock price, not mark to market loss

The Trade
BUY
11/19 145P

R/R & Breakevens vary on fill.

Manage Risk
Only invest what you are willing to lose

Trade active

filled at .92.

Trade active

Looks like MM's pinned it under 150.
Very tight, but this is a hold.

Trade closed: stop reached

The move this morning is enough to convince me,
closed out @ .16, -82%

Comment

I broke my rules here, and like usual, I am punished for it.
I typically never exit before 10:30, and if I had waited, the daily candle having been sold all the way back to the open would have been enough to convince me to hold the position.
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