This is a longer-term weekly chart. If we continue into a bear market this Head and Shoulders pattern is one possible scenario for Apple.
I have not taken a position and want to see if it plays out as a double top in the near term.
Trade active
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Trades to open position No. Price Total buy 17th Apr $280.00 Put 7x100 $21.53 $-15071.00 sell 17th Apr $275.00 Put 7x100 $19.43 $13601.00 Total $-1470.00
I am thinking $90 if this is indeed a huge correction.
SubGenius
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@justinl619, It is possible. I try not to fight the trend. I do not mind the correction. I am making bank on options with the volatility. My retirement account is sitting in gold and bonds for the moment.