Thursday's AAPL $635 Puts

Thursday I put April 635 Puts in the model portfolio for options, I used the shorter dated options because I was expecting a head fake move off this triangle.

 On the daily, $620 will be the first important support level.

 As we almost always see, a break of an important support level leads to a volatility shakeout as $620 was briefly broken on 4/4 and went on to form what most technical traders would take as a bullish continuation triangle.

As usual, these are rarely clean and often head fake moves as we saw in yellow, which brings the longs in, this morning's gap down shot the door on them, this is what I was expecting and this the Puts Thursday.

It's a bit too early in a.m. trade to make any decisions on this position.