Equity Trade Idea: $AAPL (Apple Inc)

Negative Short Term Reversal signal

We had a negative Reversal signal in Apple also at the close on Monday. Stock is up slightly since then but the data is still showing potential for some short term weakness.

This trade idea focuses on a defined-risk bearish setup on Apple Inc. ($AAPL), using a long put strategy to position for short-term downside into early August.