It seems there is going to be a worker strike – a mass walkout on Christmas Eve.
Interestingly, I remain short AAPL stock and short with Puts. I almost closed those Puts on Friday but the Relative Weakness of the stock kept me in, and I came with in 10 cents of scratching the short on the stock in afterhours but it never hit my target.
Now it seems that all that Relative Weakness was definitely a sign of something else, something that Institutions were clearly aware of before retail traders – as for the last week the stock was much weaker than its’ entire sector, which stood out to me, especially when SPY has been bullish since Monday.
It will be interesting to see what happens…..