【Options】Sell Put AAPL after Apple event!

$苹果(AAPL)$ I don’t want to talk about the new products. Let’s move to how to trade.

I sold puts at the strike price of $160 last night. That means I would like to buy the shares at $160.

Why is $160？

We can see from the chart below. There is a gap at $165-170, which need to make up. The MA200-day line is around $164, and the MA50-week line is around $162. So I chose the price of $160.

It is worth mentioning that the 200-day line and 50-week line did not act supports in history. However, I personally still have confidence in Apple's solid moat, I am willing to buy the shares at this price.

Although Apple have fallen a lot in the past few days, it has dropped 13% from its highs. But the stock price still rise as high as 35% year-to-date. In March, there was a leaving gap around $145.

So my plan is that sell puts at $160 now, if the options exercise, I will sell more puts at $145.