AAPL has now broken below a well-defined symmetrical triangle structure, as well as the ~$208 S-1 support area I’ve highlighted.
I’m watching the $194.91 zone (S-2), which served as a key support and pivot earlier this year. If price heads into that area, I’ll be looking for confirmation and stabilization before initiating a position.
If the setup aligns, I plan to trade it via Sep/Oct put sales around the $170/$175 strikes -- targeting levels I’d be comfortable owning if assigned, and collecting premium if not.
Not stepping in early here… just tracking structure, respecting price action, and planning around risk-defined entries. We’ll see how this one plays out. Stay tuned.
I’m watching the $194.91 zone (S-2), which served as a key support and pivot earlier this year. If price heads into that area, I’ll be looking for confirmation and stabilization before initiating a position.
If the setup aligns, I plan to trade it via Sep/Oct put sales around the $170/$175 strikes -- targeting levels I’d be comfortable owning if assigned, and collecting premium if not.
Not stepping in early here… just tracking structure, respecting price action, and planning around risk-defined entries. We’ll see how this one plays out. Stay tuned.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.