The pre-market futures are pointing to a mixed open this morning. The Q's are currently trading up half a percent in pre-market trading.
S&P 500 (JUN) -1.00
| Nasdaq (JUN) +5.25 
| Dow (JUN) -1
Everyone seems to be anxiously awaiting the earnings for Apple today after the close and the options buyers are betting for a positive earnings release with open interest on the calls twice as big as the puts.
The Q's went down nicely yesterday and my puts were up about 40%. I almost pulled the trigger and sold them but didn't. As I look at it now, I probably should have. I'm now only up about 10% and will probably go negative on the open. I will see how the market reacts on the open to determine my next move. We still have not filled the gap but it looks like the bulls are currently in control of the day and playing these counter trend moves can be tricky.
Here are the pivots for the Q's today.
S&P 500 (JUN) -1.00
| Nasdaq (JUN) +5.25 | Dow (JUN) -1 Everyone seems to be anxiously awaiting the earnings for Apple today after the close and the options buyers are betting for a positive earnings release with open interest on the calls twice as big as the puts.
The Q's went down nicely yesterday and my puts were up about 40%. I almost pulled the trigger and sold them but didn't. As I look at it now, I probably should have. I'm now only up about 10% and will probably go negative on the open. I will see how the market reacts on the open to determine my next move. We still have not filled the gap but it looks like the bulls are currently in control of the day and playing these counter trend moves can be tricky.
Here are the pivots for the Q's today.
| R2 | R1 | Pivot | S1 | S2 |
| 47.19 | 46.77 | 46.35 | 45.93 | 45.51 |
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