Puts on AAPL instead of risk on TSLA
RSI is bearish and price can move lower in daily channel. Price also rejecting from MA. If tech stocks drop then AAPL puts are much less risky tonight. Looking at weekly charts AAPL is of the few that is still closer to highs. If AAPL moves up tomorrow I don't lose much.
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Correction- you can see channel on weekly chart. Earnings on 28 Apr.I bought 29Apr 160 strike, will hold into next week if I like chart.
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A good place for puts = 20sma resistanceTrade active
There is news of iPhone production being affected by China factory closures. Price made a bullish open this morning and has since sold off. When you have a strong reason for your trade, along with key levels, it makes it easy to hold a losing position. Of course, capital management is important too. My puts were down 75 cents each this morning and now are about to turn green.
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