AAPL 95 Puts

Discussion in 'Options' started by mray, Mar 21, 2009.

  1. mray

    mray

    I'm thinking of buy some AAPL 95 Puts.

    I'm basing the trade purely on technicals. AAPL is in the midset of a "triple top" with resistance around $103 and the stock finishing down on Friday to $101.5.

    It's also currently trading above the 20 and 50 day MAs, both of which are below $95/share.

    Any thoughts?
     
    #1     Mar 21, 2009
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  2. spindr0

    spindr0

    I traded on technicals for many years. You can have the best set up going... head and shoulders, triple top, pennant break out, cracking support, stochastic/RSI falling, etc. But always remember, news trumps analysis.

    Watch the news!
     
    #2     Mar 21, 2009
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