Could mean the path of least resistance is to $120. Maybe. Long the $126 puts at 50cents.
You never know with Apple. They will stretch this short squeeze into option expiration tomorrow and crush the shorts on the options market.
I am in the $125 puts for 98cents.
A true reversal day. We will see.
Today is the beginning of the end for Apple. Get out while you can. Don't be a dreamer.
"Apple joining Dow is extremely bad for Apple," Chowdhry said in a note. "Joining Dow takes the shine off the Apple and makes it a rotten Apple. Companies in Dow have historically symbolized companies which are boring, have zero innovation, are complacent and are inching closer to irrelevance by the day ... which is definitely not what Apple is all about."
Some say we will see $120 next week. $5.
If I was you I would get out now while you can and try and control yourself. Apple has topped out and will continue its trek down next week. Take the gift and be smart. Get back in at a lower price.