AAPL is overbought here and I have been watching for an entry point over $140+ $151 looks to be a short term top where I will be looking to start a position and add every $2 in share price increase. We had a bear market rally last week where bad news is good news and all stocks were lifted higher. The VIX is oversold I would expect it to bounce along with AAPL and others to reverse lower. IF anyone started a short position sooner, $140+ this would be the place to double up on your position to lower your average.
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I bought options this morning and unfortunately meant to buy puts and bought calls, I was wondering why the stock was going down and puts going down. LOL. We've all done it. I sold those at a loss and bought puts. Purchased 70 August 5h $150 puts.Note
Its been such a fun week. Had 50% profit Monday, evaporated into thin air Tuesday, added more puts Thursday and Friday....! Have max position now
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.