The Wrap-Will They Pin Apple?

{+++}Many option folks talk about “pinning” on options expiration day. Basically it relates to the sizable  open interest at a specific strike price. It usually has  a basis with stocks that are highly liquid and have significant action at a certain level. Today, Apple was trading around $210, above and below all day. It’s only Monday, but let’s watch the rest of the week. personally I think it will pop higher.

Technology had a soft day, materials started strong but faded, same with the financials, a classic consolidation day for all involved.

SEED exploded, hope you grabbed it, CAT mentioned this morning popped almost $4 and BLK broke out.

See you tomorrow. All systems go for now.

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