Today's circumstances/indicators are virtually identical with the 530 bottom which we successfully traded. The only difference is we're playing a (temporary) top this time instead of a bottom.
This afternoon, we are going to be shorting AAPL with the August 25 Weekly Puts. Most likely a combination of the 655 strike and 660 puts.
Profit target for the 655 strike is a quick double
We will post the entry once it has been filled.
Note, still maintaining SPY net short plan and still have the same holdings
-Red Apple
