I am short at close if it makes you feel any better. Today was an orchestrated short squeeze to give the big guys a good price to tee off there new short position. We could not even make it to the trend line. Bad sign for longs. We will probably go all the way back down tomorrow.
We have been trying to go down for two days and it just is not happening.
The short squeeze tomorrow is what we need to propel us above the $128 resistance level. Its been planned for days.
At 1556 it looks like someone wrote 99 000 of the April17/15 calls for $1.95. This is on a time and sales data screen I get. It was a down trade from all the others which makes me think it was a options writer. Now on the other side some one at the same time 1557 bought 99 000 April17/15 puts for 19 cents each. That was on a up tick. Sounds like someone thinks that Apple is going down two bucks in the next two days. Which is interesting because I just bought a bunch of calls. So I am kind of nervous. Any thoughts?
You should get ride of the Keep... portion of you Keep....Watch and Learn motto if you are a seller.
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.