This week's Apple trading strategies (11/2-11/6)

A place for Apple traders and investors to share their best ideas — 2020 U.S. presidential election issue.

To get things rolling, here's Gene Munster on CNBC Thursday trying to explain to investors — in vain as it turns out —  why Apple reporting lower iPhone sales in the fourth quarter didn't mean that the company was doomed.

Below: Apple vs. the S&P 500 (normalized)…

Disclosure: Although I am now an Apple shareholder (see Why I bought a share of Apple, my first), I am in no position to give trading advice. Don’t blame me if you drain your IRA doing something you read about here.

See also last week’s trading strategies.

3 Comments

  1. Romeo A Esparrago Jr said:
    “ Yeah, I’m free
    Free fallin’ “
    – Tom Petty

    Buyer’s market.

    3
    November 1, 2020
  2. Gregg Thurman said:
    I’ll be watched AAPL at the Open. If it continues down I’ll continue waiting for an entry, although, now that WS has had time to digest Apple’s 10Q/K I think it’ll start rising. In that scenario I’ll be a Buyer of Weekly in-the-money Call Spreads.

    I see that $1.00 Spreads are now being offered. I don’t think I’ll buy those, instead I’ll buy the $2.50 Spreads as all my data (success/failure) is based of those.

    I should point out that so far in FY2021 Weeklies have been successful (using my strategy) 4X, failing just once on the earnings report.

    2
    November 1, 2020
  3. David Emery said:
    I’d say this is clearly a buying opportunity, because of Wall St’s misinterpretation of Apple’s results.

    0
    November 1, 2020

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