What is Driving AAPL?

Is AAPL Bullet Proof?

So far the answer has been yes.

Despite declining earnings the stock has gone up and up and up.

Many are citing ‘Robinhood’  traders.

I think that is a false flag.

I think the more likely scenario is that there is a bit of the ‘algo momo’ trade riding AAPL.

In addition, it may be a bit of a ‘TINA’ Trade (there is no alternative).

Either way, earnings are coming up which would raise IV.

However, we are 3 weeks away and the 30 DAY IV for AAPL options is SCREAMING higher.

When a stock rallies this hard and the IV screams this much, it scares me.

This is important to VIX because AAPL is now the most valuable company in the world.

It’s the number 1 stock in the NDX, SPX, and the DJX.

If it takes a dive, and its options are pricing like it will, we could have an ugly day or two fast.

The VIX Traffic Light is Yellow

Your Only Option,

Mark Sebastian

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