OptionsRising

Puts at resistance on AAPL

Short
OptionsRising Updated   
NASDAQ:AAPL   Apple Inc
Bought weekly 167.50 puts at 168, white resistance line. This is day 6 up, should reverse. Maybe it will push up to about 168.80 based on daily chart. Also RSI dipped below 33.33 (white circle) which is bearish and so now that RSI has risen with price I expect it to turn down before 60, maybe 65 in a strong rally, but price has already made its move and is at ressistance.

I am noting that HD is weak with these higher yields, TSLA is holding 940 resistance, BA holding under 190. Watch your positions and mind your capital - all is not as it seems.
Comment:
This daily resistance downtrend line adds support for puts
Comment:
I am buying swing puts on AAPL - consider this a sell the news top that will reverse down with markets soon.
Comment:
Did not get to update much this week. Many great call trades. I sold puts for a small loss the next morning and switched to swing calls that I sold yesterday and today.
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