Loading ...Does AAPL have the oomph?
I don’t think so, but it’s a ballsy bet. Rick Ackerman has correctly identified AAPL as the bellweather of the market. I just sold naked November 440 calls on the stock.
You know the old wall street saw… see a double top sell a double top.
Oh if this breaks up from here I will close out the trade, but for now I look forward to collecting $40k of premium between now and November if the stock just flatlines.
Wish me luck!
Good luck Plunger.Hopefully you nail it. The one point is that with stock splits most holders wait at least until the split is effective before doing any real selling. We just saw TSLA anoounce their split and I believe a few more of the Nasdaq 100 will follow as well. This could keep things propped up for a little while longer. I believe Rick, you and my earlier comments about AAPL going down after the split will all prove correct eventually. Just not sure it doesn’t make a few small new highs before the effective date.
I wish you luck
But I think we are in the Everything Bubble that Mises talks about
Quick trade already out… at a loss