AAPL Stops Just Busted Up

While I appreciate the move in AAPL, that just keeps adding profit to the PUT position there, I would caution as always placing stops at obvious levels. We see this every week, probably nearly every day.

Look at all the stops hit when price dropped below intraday support where a bunch of stops were placed. Wall Street sees these when you place your order with your broker, that s why I keep my stops mental and why I never place them at obvious support levels.