PUTS ON $AAPL
I’m either a full regard to DCA my puts and full send my gains from shorting SPY on Monday with the Canalys report sheet but apple is heavily overvalued. Sales are down, VR had been a flop, AI wasn’t released with the 16, iOS 18 news mishap, and most importantly, they’ve lost serious market share in mainland China.
The latter is the main driving force, with possible tariffs on the horizon, minimal innovation, and minimal growth anticipated, I could see apple retracing back to its 200 MA ~$220.
I’m either a full regard to DCA my puts and full send my gains from shorting SPY on Monday with the Canalys report sheet but apple is heavily overvalued. Sales are down, VR had been a flop, AI wasn’t released with the 16, iOS 18 news mishap, and most importantly, they’ve lost serious market share in mainland China.
The latter is the main driving force, with possible tariffs on the horizon, minimal innovation, and minimal growth anticipated, I could see apple retracing back to its 200 MA ~$220.