It’s Still Over for AAPL, Weekly Bear Call Spread
By: Matthew Whiz Buckley
In today’s Market Situation Report, Matthew ‘Whiz’ Buckley discusses how the fallout from Cyprus move to seize bank accounts continues. He also goes over how the US market is ‘waking up to the reality’ of this unprecedented move.
“AAPL caught a bid on Friday from a weak Galaxy S4 launch but it doesn’t matter,” says Mr. Buckley. “It’s still over for AAPL.” Watch the SITREP for a weekly trade on AAPL, a bear call spread that is already up $500 in an hour, with a max potential gain by Friday of nearly $2000.
Mr. Buckley added a new Weekly Options trade in the PLTB Model Portfolio an hour ago, a bear call spread on AAPL, and it’s already up $700, potential $2k gain by Friday.
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