If weekly AAPL options interest you, whether you are a call seller or a short-term trader, the skew on the weeklies if flat out eye-opening:
| Strike | 580 | 600 | 620 | |
| Implied Vol | Call | 26% | 27% | 28% |
| Put | 35% | 38% | 50% |
Either there is a major demand imbalance, or covered or calendar call sellers have overwhelmed call buyers. If you feel that AAPL can breach the 200 day moving average this week, some of these calls may be an attractive value.
Last week fortunes were made on the out-of-the-money puts. You have to imagine that short sellers have stops near or just above the 200 sma. Therefore, if this level is breached, the potential for a huge bounce exists.
