To The Moon

$Apple (AAPL) $ The stock price pulled back by 10%, and some investors are eager to buy. Apple stock was once my biggest position, and I sold it by the covered calls exercising First, I think the market is still on a correction. Apple stock has a 36% increase, despite the recent correction of 10%. Let's review its Q2 report. If the stock price does not rise so much, the result can be described as being solid and strong. However, the stock price rises so much, it can only be said that it is moderate or insipid. Everything follows expectations and sentiments. The iPhone's quarterly revenue was $39.7 billion, down 2% year-on-year. If without the impact of the US dollar exchange rate considered, the iPhone's revenue is obviously increasing. Still, the products are beyond doubt. The short-term correction corresponds to the excessive increase in the previous period. On the other hand, Apple will release new products in autumn conference. The iPhone 15 is said to be the biggest update in recent years. New products may become catalysts in September, so Apple is worth buying when it returns. I think a good entry price should be around $160, that is, around MA200 daily average. But I would like to take over from $170 by selling puts. If you don't want to take over too high, you can go to sell puts at the strike price of 160. I plan to sell Apple's puts at $170 expiring Aug. 18, the premium is about $0.35. And I will sell $165 puts expired on Sep.1, which is about $0.6 in premium.