SPECIAL ALERT: SPX - Near breakdown below 4075 AAPL Sell Pending We are continuing to build an options portfolio in preparation for a bear market summer, or worse. Positions can be taken at any time, but certainly by the price "pending" triggers. Expect even more aggressive recommendations once SPX Wave 3 down is confirmed. AAPL Intermediate Term Next leg down in AAPL will be confirmed by a close below $145.00, with Fibonacci price extension zone between $105-130. That is a wide target and from current levels would represent a minimum 100% return on the August monthly puts, a nice calendar diversification from other option positions. Sell Pending: AAPL close below $145 Option: August 19th $140P (6.00-6.20) Target AAPL: < $130 Target Put: >$12 (2X to 5X) Optional stop = -50% or AAPL close above $152.50 AAPL Long Term EW Count
