AAPL Holding Uptrend – Sept 18 Trade Setup

🍏 Here’s my latest desk-style breakdown for Apple heading into Wednesday, built from the 1-hour chart and GEX option data.

1️⃣ Price Action & Market Structure
* Steady climb: AAPL continues to respect its rising trendline from last week. After a mild intraday pullback, price is back around $239.6 and hugging the 9 EMA.
* Key pivot zone: $238–239 is the near-term battleground. Holding this keeps the higher-low pattern alive.
* Next resistance: $241.1 (recent high) is the level to beat for a fresh push toward $242.5–245.

2️⃣ GEX (Options Flow) Check
* Call wall magnets: Strong gamma build-ups at $242.5 and $245 can act like upside magnets once $241.1 is taken out.
* Put support: First meaningful put walls lie much lower at $217.5 and $212.5, giving AAPL room to breathe if there’s a dip.
* Low IVR: IVR sits near 12.6 with IVx around 26.1—option premiums are relatively cheap.

3️⃣ Trading Thoughts
* Bullish play: Enter on a confirmed hourly close over $241.1. First target $242.5, stretch to $245. Protective stop under $238.
* Bearish hedge: Only consider a short if AAPL loses $238 on volume. Next downside pocket sits around $235–233.

4️⃣ Option Angles
* Upside: Cheap call spreads like 240/245 offer a defined-risk way to play the breakout.
* Neutral income: Selling puts below $220 makes sense if you expect Apple to keep grinding higher or stay range-bound.

5️⃣ My View
Apple’s chart remains constructive. As long as it keeps closing above $238 on the hourly, dips are buyable. A clean breakout over $241 could invite momentum buyers quickly.

Disclaimer: This analysis is for educational discussion only and is not financial advice. Always do your own research and manage risk before trading.