Good risk to reward trade. Once apple corrects it can be substantial one. 15% at minimum. Tech looks really toppy here. I think its a rotation to DJI, SPX and IWM. I would short the Bounce on Monday.
@DaddySawbucks, Thanks I’ll have a look. I haven’t played with FB in a while. Playing it safe lately with the Index ETFs with options. It’s just handsome reward if you time it right. Fading gaps, buying oversold bounces and trading the ranges in futures!
DaddySawbucks
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@avka81, Yes to all that. FB took a huge hit two weeks ago; IMO ready for another dive. Made bank off selling vertical call spreads on opening gap ups and flipping weekly puts on close the gap fade plays. I'm less enthusiastic about shorting puts, lol been burned on that eh?!