Another low volume Friday for AAPL. This bodes well for max pain.

But this week is only weekly expiration, so there is much less open interest compared to monthly expiration. Less contracts, less hedge, less influence on the stock price.

AAPL has hovered around 577 almost all day. Perhaps in the last 2 hours it will make a run at 580.

My personal view is that AAPL showed remarkable strength all week. This includes after the Wednesday Fed Meeting and the following Thursday drop in the DOW. I'm honestly surprised AAPL didn't bounce back to 585.

Tags: