Ugly day for Apple stockholders
December 1, 2014 MarcoTrade
What a rollercoaster ride has been today if you owned Apple stock. It plunged and then recovered to close exactly at half of the trading day range.
This tells you that this trade is crowded and there are a lot of people with their finger on the sell button ready to pull the trigger when things start to get ugly. In this post I advised you to take a close look at AAPL and see if it was a good idea to limit your exposure by selling calls or take profits. Apple will not rise indefinitely and I guarantee that being short some out of the money calls in days like today makes a big differnece in your portfolio.
Categories: Market Direction
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