Seeking Alpha
  • Ricardo Espinosa
    STO 5 AAPL 545/540 put spreads @1.95 each, bottom is in or forming, hard to see it fall and stay down for the rest of the week.
    11/12/12
    Reply (7)
    • gwinsto: I don't think it is very hard at all to see it fall and end the week below $540, based on its recent behavior...
      11/12/12
    • gwinsto: Not saying you are wrong, but that trade looks awful risky to me...
      11/12/12
    • bbrady413: The bottom seems to be forming in that 540-545 range. Lots of support at 545. I think you have a fairly decent trade there.
      11/12/12
    • gwinsto: It's carved through previous support like a knife through butter the whole way down, so that's hardly any consolation
      11/12/12
    • RycheMykol: I agree gwinsto. The only hope is that the AAPL ipad mini is the #1 item on kids lists for xmas.
      11/12/12
    • Tolafsson: no the only hope is that the bears go away. This bearish sentiment towards Apple is getting utterly ridiculous now, it has to turn soon.
      11/12/12
    • Ricardo Espinosa: Exactly my thinking tolaf, and it´s a weekly trade by the way,I do expect a bounce this week, or at least not much downside, but very risky.
      11/12/12