AAPL at Crucial Support! Bounce or Breakdown Ahead? Mar 17 Week

Here's a quick analysis on AAPL based on the 4-hour chart.

📈 Technical Analysis (TA):
* AAPL just touched a key demand zone around $210, forming a potential reversal area.
* A clear Break of Structure (BOS) at $210 signals this level as critical support.
* Immediate resistance is visible at $225, with a further hurdle around $229–$230.
* Watch out for a major resistance zone above at $241–$249 if bullish momentum returns.
* Descending trendline resistance currently around $225–$229 is also significant for bullish confirmations.

📊 GEX & Options Insights:

* Strong PUT support at $210 marked by highest negative NET GEX—important level for potential bounce.
* CALL resistance currently at $217.50; breaking above could lead to a gamma-driven upside move.
* High IV Rank at 66% indicating rich premiums, ideal for options sellers or premium collection strategies.
* PUT ratio at 6.5% indicates bearish sentiment dominating option flows.

💡 Trade Recommendations:
* Bullish Play: Enter cautiously on bullish confirmation above $217.50, targeting $225 initially. Tight stop below $210.
* Bearish Play: Consider puts on strong rejection at $217.50, targeting retests of $210 and possibly lower to $200.
* Neutral strategies: Selling premium through credit spreads or Iron Condors between clear range ($210–$225).

🛑 Risk Management: Ensure clear entries and disciplined stops, especially with heightened volatility.
Let's trade smart and stay safe!

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