Philip Elmer-DeWitt / Apple 3.0 – Philip Elmer-DeWitt
Apple’s going to have a tough time closing above $160 today – Getting out the popcorn. Above: Open interest in Apple options expiring Friday, with a mountain of calls at $160 (courtesy of maximum-pain.com). Below: The volume chart My take: I hear Apple is a bit of a meme stock today. To get past $160 the Reddit crowd is going to have …
