$Apple (AAPL.US)$ $340 PUTS. Looks like she is headed down f...
$Apple(AAPL.US$ $340 PUTS. Looks like she is headed down for sure.
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I'm an avid metal music lover/ player. Yup I trade as well.
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kbtheone : Hey what’s up? Why you think that?
SmrtTrader OP : because tomorrow is what's called Qud Witching... normally on the third Friday of every March, June, September, and December- three out of the four asset classes in terms of stock and index options spire. Quad witching is when all four asset classes options expire. there is usually heavy trading volume you try to offset any future contracts. that's my first reason
my second reason is because Apple is already saying that their second quarter results are not going to be what they expected them to be. on top of that with all the store closures and unemployment people aren't going to be rushing to upgrade their phones or anything like that
SmrtTrader OP : Knew it....was imminent
kbtheone : Thanks bro
SmrtTrader OP : Did u get to profit off of it?
kbtheone : I bought a 360 strike call exp June 2021, so far i profit almost 3k. Not planning to sell until after there Xmas earnings
kbtheone : Paid a 1000 for it
kbtheone : Back when they had that crazy dip