We confirmed resistance on that trend line in August and now looks like we're going back to test it one more time. I'd imagine this time, it won't break through and we should see a strong downward reaction afterwards.
I think we'll see price fall after that December pivot and then bottom sometime before 2025 at the lower support level.
Let's see how it plays out over the coming year.
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Added to the $150 position
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At the top resistance level now, adding more at open.
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Puts are up 185% and 47% so far. Price bounced right off the trendline and flipped down on the pivot. Going to keep holding the puts with anticipation of $150 being the next level to get hit and then hopefully $126.
If $126 gets hit, that's when I'd like to close out these puts.
If $126 gets hit, that's when I'd like to close out these puts.
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Bought some $155 5/10P at open
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Bought 40 contracts $170P for 6/21
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Potential for big H&S top here if we see a rejection and followthrough beneath the April low.
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Added more this morning on the bounce higher
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Today should've marked a volume climax top.
I added puts into that move today.
6/14 (super risky, high chance it doesn't play out)
$190P
$185P
$180P
9/20 (less risky)
$130P
Let's see what happens the rest of the week
I added puts into that move today.
6/14 (super risky, high chance it doesn't play out)
$190P
$185P
$180P
9/20 (less risky)
$130P
Let's see what happens the rest of the week
AAPL 03/15/2024 150.00 P
AAPL 03/15/2024 185.00 P