AAPL - swing puts based on divergence
I know price has risen on upgrades. And I see divergence between 60 min high closes and RSI. A double top? maybe. Pullback needed? Directional volume indicates yes.
I bought 7/2 expiry 340 strike puts for $2.49
I bought 7/2 expiry 340 strike puts for $2.49
Note
Depending on first 15-30 min I may exit all or part of puts. Will have to see if this market turbulence ends in another general leg up for stocks, or more downside. Be patient and cautious. take at least some profits fast. I had some paper profits near end of day yesterday and I made a mistake by holding a little too much overnight. traders have to be always watchful of overconfidence creeping into decisions.Note
sold puts for 35 cents loss. take a controlled loss and move on. Even if I am wrong and stock drops in next few days, I can buy again. It is important to stay in control amd trade with a positive mindset, not with stress. Also be comfortable with your number of open positions and capital at risk.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.