Apple has been in a free fall. It seems building a Bear Pennant. I'm 50%-50% if it plays out or not because there is a bullish divergence on RSI. I feel there is one more flush out before earnings in January!
Trade closed: target reached:
Target Reached. Apple should bounce soon. $150 is a good support. I sold my puts and bought calls Jan 15th, 25th $160. It might rally up to $162-165. Then i would sell my calls and buy a put @130 Exp April or May. Preferably before the 1st. This Markets will sell off hard come January
