After Apple delivered strong earnings, the stock advanced +9 percent to the 208-handle. I made the move to acquire heavily discounted AAPL October 19 ’18 Puts with a cost basis of .33. The chart below shows resistance at 207.79 (2.618-extension measured from 2015 high and 2016 low).
As of late July, S&P 500 companies had repurchased $107.4 billion of their stock during the second quarter. Apple alone accounted for about $20 billion, or 20 percent of that amount. If buybacks persist, then Apple could tag the 225 (3-fib extension), otherwise, if not, then a fade back to 200 would be possible.
Disclaimer: Consult your financial professional before making any investment decision.
- Here Is Why 37 Percent Of U.S. Farmers In The Western Half Of The Country Are Killing Their Own Crops
- IT’S HAPPENING! MULTIPLE COVID19 LAWSUITS AND WINS.
- Fully Vaccinated Mike Tyson, says he was beaten into submission taking covid vaccine says he’s about to die now in wheelchair
- The Curious Case of Adam Bies Who Was Arrested for Threatening the FEDs After Posting on GAB
- Crime is exploding everywhere. Fake solutions abound
- AN AUTUMN WITH EPIC COLLAPSES OF STOCKS, DEBT, CURRENCIES, MUCH HIGHER INFLATION – LEADING TO POVERTY & SOCIAL UNREST
- The Chinese economy is experiencing a near-complete collapse…
- Pfizer is Funding Facebooks Fact-Checking Partner.
- Too Little, Too Late, Countless People Already Died a Horrible Death!
- Video: Women Tie Themselves in Knots While Attempting to Define “Woman”
Views: 1