AAPL 95 Puts

M

mray

I'm thinking of buy some AAPL 95 Puts.

I'm basing the trade purely on technicals. AAPL is in the midset of a "triple top" with resistance around $103 and the stock finishing down on Friday to $101.5.

It's also currently trading above the 20 and 50 day MAs, both of which are below $95/share.

Any thoughts?
 
I traded on technicals for many years. You can have the best set up going... head and shoulders, triple top, pennant break out, cracking support, stochastic/RSI falling, etc. But always remember, news trumps analysis.

Watch the news!
 
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