Monday, May 21, 2012

4:31PM, Target has been reached

(Red Apple) AAPL $560 target has been reached faster than I anticipated.  This is not good because we went from one extreme condition to another.  Note 60-minute AAPL RSI closed at 66. If we gap up to 565 (max 568 top), I would suggest you enter AAPL May 25 550 or 555 Puts. June if you are more conservative. July if you are ultra conservative. Exit at 50% gain.

Easy week so far.  Good luck!




-Red Apple