AAPL would be far from my first choice as a core short, but as a quick Put, I like AAPL here, it's going negative, it's going parabolic and I don't think it can stand, there's some near term weakness manifesting in the QQQ charts and AAPL would be the first place I would look and did.
Although I like this as a shorter term put position, I always like to buy about 3x more time than I think I'd need and slightly in the money.
This will be a spec position size, about half of a full position using March 20th AAPL Puts (monthly).
I'll update AAPL's charts in just a moment, but they have been deteriorating the past few days and that is manifesting in AAPL's price ROC already as well as some weakness in QQQ that's a bit stronger intraday than the other averages.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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