3 Simple Reasons for $AAPL Puts Today

AAPL PUts

 

1) Technicals appear overbought. Unjustified. Top of rally cross identified as of today.

2) Apple Pay is miles behind Google Wallet.

3) AAPL has yet to fill this gap, which investor sentiment doesn’t seem to want to support.

 

Disclaimer: I own AAPL Puts that expire on November 7th with a strike of 104$.