As strange as it sounds, I have 0 short term positions on AAPL.
At this resistance however, makes sense that AAPL Could pause. I won't sell at $120, therefore, WORST CASE scenario, I'll end up BTC the #coveredcall
My thoughts from here, is APPL pulls back into 113 ish, retests that double bottom and then bounces.
HOWEVER - IF AAPL Trades sideways and stays above 115.35 into the end of 2016 and breaks BULLISH in early 2017, it's gone... :-)
I am not saying this is the time to buy AAPL, JUST to do this covered call (fyi)
At this resistance however, makes sense that AAPL Could pause. I won't sell at $120, therefore, WORST CASE scenario, I'll end up BTC the #coveredcall
My thoughts from here, is APPL pulls back into 113 ish, retests that double bottom and then bounces.
HOWEVER - IF AAPL Trades sideways and stays above 115.35 into the end of 2016 and breaks BULLISH in early 2017, it's gone... :-)
I am not saying this is the time to buy AAPL, JUST to do this covered call (fyi)
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