Replies to post #60520 on Options Wonderland

[whereismyorange]

I think it is possible that equities bounce here, but I believe it will be short lived.

I continue to hold my apple puts in anticipation of a fall next week. I may add puts on a bounce early next week. We will know soon if today is a trend change, or just short covering.

Apple looks like distribution to me, and it is only a matter of time before it breaks 240 and holds below...

Hopefully not too much time ;/