AAPL PUTS Go Granny Smith on A Friday…. AGAIN!


For the second consecutive Friday history repeated itself, AAPL took a tumble, and PUT holders, buyers, made some serious profits. On the other side of the coin dip and call buyers had a tough time squeezing out a profit.

Last Friday I bought the $545 weekly puts for $1.10 while AAPL gapped well over $550 to $555 before it started to fall. I locked in my profits on the $545 puts at $1.90 and proceeded to watch the AAPL rot all day. Those $545 puts I bought at $1.10 ended up hitting $15.00 on the day. Today we had similar moves although much of the money was made positioning at the close yesterday for AAPL's now weekly Friday swoon.

The $510 puts gapped from $.25 to $6.00! Other strikes posted sizeable gains. Will AAPL break $500 next week? Will next Thursday afternoon be another great AAPL put buying opportunity, or will you be better served going against the two Friday streak?

Here are a few option charts $515, $520 and $525 strike. Have a great weekend and congratulations to all AAPL puts traders and call sellers.

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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