As AAPL has broken though all 3 targets I set for this move, it's time for me to do some house cleaning.
This Call which was meant for a short term move in AAPL that didn't materialize until today is being sold as we have hit the target zone and I got lucky, although the last move in the market was always expected to be AAPL, good thing I went with the May expiration as opposed to the April. There is a method to the madness.
This is the Fat Finger trade in which AAPL was intended to be shorted at this level, instead I bought it, time to move out, but hopefully I will remember to post later why trades and motivations exactly like mine in this situation are what crate support and resistance.
Initial market update is coming up.
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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