What is going on with AAPL?

Option Pit Stop [fstp, logo, header] June 12, 2024 [ag views, logo, header] What is going on with AAPL? It appears Apple Inc (Ticker: AAPL) is going through the biggest short squeeze that I can remember for a stock with such a large market cap. Somehow the new Apple Intelligence will get folks to buy more phones. Ok. These parabolic moves smack of traders that got hosed with the most sure money over the last several years. Shorting AAPL into the WDC. Like clockwork over the last few years, AAPL would selloff since whatever they announced was underwhelming ever since Steve Jobs died. The AI thing caught traders off guard. [ded] I think a decent strangle will develop out of this but I am not in a rush.  AAPL over $200 pushed SPX to new highs with Nvidia Inc (Ticker: NVDA) joining. Two $3 Trillion Market Cap stocks grabbing 20% of the SPX’s value. I am sure it will be fine. - AG  [logo, pit profits] Want to find YOUR winning fit? Give our Customer Care Team a call at [1-888-872-3301](tel:/1-888-872-3301) Monday-Friday from 9 a.m. - 5 p.m. EST. Or email them anytime at [support@optionpit.com](mailto:/support@optionpit.com)  [fomo, header, logo,] AI is the duct tape for the stock market Yo Pit Crazies, Keep an eye out for Mark and Andrew’s new project for the [Trading Desk](. If you are already a member you will get it with your service and you will want to join if you have not already. This was my alert page at the end of the day. Several new highs and starting to make my Vol Man prognostication look pretty good from Sunday. This is all because Apple Inc (Ticker: AAPL) said some good AI stuff this week. AAPL rallying sent some animal spirits back into stocks. [ded] Now I do remember Dell Computer Inc (Ticker: DELL) singing the AI song of love just not long ago. [ded]( DELL 6 month chart DELL topped out at $180 and is back to $130. A move of some proportion. My AAPL trade for Trading Desk was two days too early expiring but otherwise stunk. One more week of duration and it is $1000 per 1 lot. Oh well. That leads me to my favorite adage, for DELL and the risk management rule I like/don’t like to break for AAPL. [Time to visit my old friends.]( - Mark --------------------------------------------------------------- Want to get Mark's Trader's Edge updates directly to your inbox?[Click this link to sign up!](  [fpri] IMF Reveals Eye Opening News on the $ Hey Income Hunters, The International Monetary Fund’s (IMF) core responsibility is to provide loans for its 190 member countries around the world that are experiencing balance-of -payments issues . Its #1 role is to work with the governments of its members to further international monetary cooperation and expansion of global trade. So, when they come out with a report revealing a significant shift in the market share of the reserve currency of the world, the US Dollar (USD), you need to pay attention …  [FPRI]( [Why this trend is accelerating and what that means for you is revealed below...Â]( - Bill --------------------------------------------------------------- Never miss an edition of Bill Griffo's Power Income Newsletter ever again. [Click this link to sign up!](  [fpip] A Personal Invitation Hi Shoppers, I finally have my computer back. Wow, it’s amazing how much we rely on these machines. And our smartphones are literally mini computers held in our hands. It is hard to imagine what would happen to this world if they were taken away somehow. Practically everything would stop. Anyway, I am short on time here today. Before I give you my new trade idea, I would like to personally invite you to [join us in Chicago for our annual Option Pit conference]( July 22-24. The whole gang will be there, Mark Sebastian, Andrew Giovinazzi, Frank Gregory, Bill Griffo, Voz and myself. Lots of guest speakers, lots of live trading, great food and drinks and a Cubs game. The best part is you will meet your [fellow community traders.]( You don’t want to miss this, I promise. [On to the trade … it may be time to buy Exxon Mobil (Ticker: XOM),]( - Licia --------------------------------------------------------------- Join Licia's trading community and start receiving her Profits In Pumps Newsletter. [Click this link to sign up!](  [fprm] Dual Use is the Best Use Hey Influence Traders, As you know, I’m deep into military technology. My company, Knightwerx Inc., often submits to try and get government grant money. We build drones. We are a dual use technology company, meaning that our tech can be used in both the military and civilian sectors. The military values dual use technology. That causes me to keep my eye out civilian uses for our drone. Believe it or not, when military technology is used by law enforcement, that is considered civilian use. And that simple fact put one company on my radar screen. They have an interesting use case for drones. [Let’s Crossover to the Other Side]( - Frank --------------------------------------------------------------- Get all your DC Insider info inside of Frank Gregory's "Power Moves" Newsletter. [Click this link to sign up!]( --------------------------------------------------------------- Don't miss when our traders go live! Get an alert everytime we open the live rooms to all of our readers for free by selecting the calendar you use below. 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