Apple looks to be in a downtrend but I am preparing for two scenarios after dividends are paid.
I see a large Daily gap from 127 to 130 and these tend to get closed by AAPL.
However if the 120 support line doesn't hold we will most likely see 115. If that happens I think Apple is solid enough going into September to create some Vertical Spreads about 45 days out. So for me a Bull Put Spread around the late September time frame in the 105 to 110 range depending on premium of the contracts.
If none of this happens I will go back to my SPX spreads where I feel safe.
I see a large Daily gap from 127 to 130 and these tend to get closed by AAPL.
However if the 120 support line doesn't hold we will most likely see 115. If that happens I think Apple is solid enough going into September to create some Vertical Spreads about 45 days out. So for me a Bull Put Spread around the late September time frame in the 105 to 110 range depending on premium of the contracts.
If none of this happens I will go back to my SPX spreads where I feel safe.