Is APPL priced to perfection?

4 ส.ค.

AAPL
https://www.tradingview.com/x/VZeOT45o/

It's really starting to feel like AAPL is getting ahead of itself here. Sure, their recent earnings report looked decent, but I think some big takeaways are the decrease in China sales and decrease in iPhone sales. Sure, their services revenue will continue to increase and their buyback props up the stock, but there has been no true innovation in this company. False hopes of an Apple car, now an overpriced VR headset, and iOS that will incorporate other companies' LLMs?

Everyone is talking about the next upgrade cycle like it's going to change the outlook of the company. Yeah, Siri might improve, but there won't be any drastic impact on productivity with this first iteration.

With all that said, it looks as though the stock is starting to settle down. Recent reports of Warren Buffett halving his stake in AAPL will likely translate to further downward pressure on this stock.

AAPL has recently broken below the 20-day MA, retested, but failed to break back above. Now it is sitting between the 20 and 50-day MA. If it breaks below its 50-day MA, it will likely retest previous ATH support.

My plan is to buy puts in the short term and hope for a pulldown towards $198.