Apple Speculations
Posted on Monday, June 25, 2018 at 3:29 PM
Dan Passarelli, CEO - Market Taker Mentoring
Dan says Apple has a slight pullback recently, due to statements regarding decreasing phone sales. Apple is buying back some of their shares and the indexers will have to sell Apple stock today. This can put downward pressure on a stock that is already headed downward on the chart. Dan recommends buying 185 puts with about a two-week expiration. Holding it for a couple days would be the best bet, he adds.
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