Net bullish on Apple but this latest FAANG trade looks pumped and faked the f out. Rolling into another long dated put at 80 RSI, and selling that paper into some profit taking. Additional downside strategy into earnings, funds will dump AAPL on the news. They love it until they don't
Trade active:
Aug 6th 150 Puts ya filthy animals 🐖
Trade active:
love how they pump these big names on national television a couple days before they take a dump 🤙🏽
Sell your paper greedy hogs!
Sell your paper greedy hogs!
Comment:
eyeing AAPL at the $147.41 mark, looks like it's next support. If it hugs this line for a bit and dives below it, next stop is $146.24 then onto a key support level which I think for this set of puts is my PT: $145.55. Likely won't get there today as this name is considered defensive. If the VIX gap fills @$20.86 might get there...