I’ve been invested long term into apple but have gotten killed on my short term bearish option bets. Sold covered calls, though I’m not angry to sell my shares at this price , also bought puts and some bearish spreads. I’ll sell at $175 happily and buy back in once it retreats and consolidates. This WILL def do that. There will be profit taking by a log of smart money at this level. Especially big funds that didn’t own it and wanna buy now and show on their books that they did own it this year. Yes it’s basically an illusion for the investors but it works. I started buying AAPL when I was 19, I’m 40 now. I’ll keep buying it on all dips. For now I will roll out my bearish option bets to January. Again, I am king , I just realize this has to sell off a bit. Up too much too fast. I know I’ll get people hating this message but any real investors here will know that I’m right. It can’t just keep going up non stop. This won’t hit $200 this year. $200 by March at the earliest. Earnings, iPhone demand , chip supply…..etc are all big factors on when it’s gets to $200z
Gl all$Apple(AAPL)$