AAPL Management

I'm going to bring the formerly spec. AAPL Put position in the tracking portfolio up from speculative to full size in March 20th / $130 puts Trade Idea: Short Term Options) AAPL Puts from earlier in the month.

Here's why.

I think the Q's are making an igloo w/ chimney top here...

 This is the rounding portion of the Q's cycle of the 2/2 lows, the yellow would represent the "Chimney" in the commonly seen Igloo/Chimney top as posted earlier (both in bottoms and tops).

The Q's also have no support, even on a short term 1 min intraday chart, the easiest chart to confirm which it is not.

The same is happening in AAPL as well, but it's price performance is not even getting off its belly.

 Here's the bigger picture in the same chart, the rounding reversal process.


And a slightly longer , bigger picture...

And the intermediate term chart's bigger picture.

AAPL is far from my favorite short, but for a leveraged position with liquidity, I do like this set-up, especially if the Q's fail from here in the next day or so (tomorrow is op-ex). This is exactly the kind of discount (of pouts) and timing indications I prefer for option positions.