AAPL - Just Turned Bearish on Weekly

4 Ara 2019

We are in a good position to enter a downtrend for AAPL. This fake news about China will not hold.
Chart shows we are at end of pattern on Weekly view.
White uptrend line just broke this week.
RSI trend on Weekly view just broke to downside.
Filter Dots confirm downtrend has begun, even though today we see a little rebound upwards.
We should be crossing the 10WeekMA in the next week to confirm the downtrend continues.

I have chosen to add to my AAPL Puts into the Jan 17 2020 contracts at $5.45 each (entry price based on Black Scholes).
We should be able to play 30 day - 40 day expiration periods to conserve margin/cash.
Options 60 days out are about double price of 30s.

Once AAPL takes a downturn, SPY will fall as well with AAPL being a major component.
MSFT, AAPL, SMH, and other tickers are all following same pattern and news cycle. This shows their correlation.

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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY and AAPL.

4 Ara 2019

İşlem aktif

I could not get filled at $5.45. I took a $5.75 fill. $60 more but I think long term this is acceptable entry.