Monday, September 10, 2012

AAPL bounce

AAPL is likely to get a bounce here, I have had numerous emails about entering put in AAPL today, last week was the time to enter puts when they were cheap, but if we get a decent enough bounce, then premiums may come down enough to make it worthwhile, otherwise at this point I'd prefer an equity short.


 1 min intraday AAPL is showing a weaker relative positive divergence intraday and it's the EOD, this will keep AAPL longs confident, remember we want them in as long as possible for a larger head fake move.

The 5 min chart is one of many that have seen extensive damage today so I would not be opposed to entering a put position on some price strength, just watch the premiums.

I'll update the market ASAP

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