Wednesday, March 28, 2012

AAPL Head Fake move?

$612 was where I intended on dipping my toes in to some AAPL puts, if I have time I'll be looking to do that in the options model portfolio.

 AAPL breaking below the triangle's apex.

 1 min chart still leading negative

2 min chart non-confirmation again...

I would guess there will still be volatility and shakeouts in AAPL, but the head fake move is what I was looking for, I'll just have to ride them out if they come. The next area I would add would be <$600.

For now, a small position in $615 April Puts most likely.

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