Might sound funny but hear me out for a moment:
The rise in AAPL this week is exactly the same as someone selling computers and used furniture on craigslist to put the funds into their chequing account, only to buy more stuff a few days later.
The only reason AAPL is up is because market players are parking their money there.
Today we will see a sharp decline across all markets at opening which will go towards a slight recovery at the end of the day. Bears and puts happy. MM job complete. Where is this ATM? AAPL. Liquidity will be pulled away from AAPL to feed the rest of the market. $10K position to start but adding another $5K (probably more) on opening bell. If you feel degen then this is the play for today.
I bought 20 SPY 7/16 750P just before market close yesterday so on market open i’m selling and loading up more AAPL puts. GLHF.
Disclaimer: DD is from my dreams and there absolutely no logical analysis here. The whole market feels irrational so what’s the point of DD for this play
