One Option Trading Blog http://ift.tt/2ev3w4y Posted 9:30 AM ET - Yesterday the market drifted lower and it closed right on the 100-day moving average. I expected better performance ahead of Apple's earnings. The 100-day moving average has been crossed so many times that it has little technical value. Stocks will probe for support this morning and I believe the drop will be contained. Apple posted in line earnings, but the expectations were high. Call open interest was double the put open interest and speculators were betting on a pop. As I mentioned in yesterday's comments, when a trade is crowded it rarely works out. I believe …
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