@mster:
$APP 20251017 550.0 PUT$ APP continues to carry one of the highest implied volatilities in my watchlist. I’ve been selling CSPs during pullbacks to capture richer premiums, usually around 15% out of the money. For now, I’m still avoiding assignment since my ideal entry is below $500. Technically, APP formed a textbook cup-and-handle pattern between June and early August, followed by a beautiful breakout that I, unfortunately, missed. Based on current structure, the breakout zone near $470 could now act as a support level. I expect price action to retest this area before resuming its uptrend—my cue to take ownership then. Meanwhile, last week’s CSP expired worthless, and I’ve already opened a new one during Friday’s dip.