2022-05-11

When Does Apple Crack

Update: Well this a well-time post as Apple cracked today. I made a tidy sum on weekly puts picked up before this post when up. I sold today. I bought OTM "crash" puts in case the market melts down from here. VIX has been very suppressed. I see this as a bet on both Apple leading the market lower moving forward along with VIX suddenly trading where indicators such as BPSPX suggest it should be. I can afford to lose 100 percent on the trade if a big rally kicks off.
Original Post: A window is open for a breakdown. If you're bearish in the very short-term, Apple looks ready to start leading the S&P 500 lower.

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