Fitch Ratings & AAPL ER Accelerated August Weakness 😮💨
@ZEROHERO:
Thanks to Tiger for awarding the weekly top predictions for SPY this week. Again, it’s a reminder of the August weakness - first with the Fitch rating downgrade followed by AAPL unfavourable earnings leading the way downhill to Friday’s close. Join me to take some puts to profit next week 🤩 63% gain taking SPX calls at open and puts towards market close from the rapid sell offs. Better to avoid swinging calls and employ options scalping strategy for safety sake 😎 It's probably not a coincidence that the stock market had a difficult week, with the S&P 500 dropping 2.3%, the Dow Jones Industrial Average falling 1.1%, and the Nasdaq Composite dipping 2.8%. The S&P 500, after all, entered the week up 28% from its bear-market low in October, and strategists, many caught off guard b