Tim Cook has indicated that there will be no new product launch until fall. The stock will be range bounded trading sideway for awhile at least until WWDC.
If you have already owned AAPL, the best strategy is to sell weekly covered call to lower your cost base for the next four weeks. What happens after that depends on what happens in the WWDC and we can reevaluate at that time.
If you haven't bought and are looking to get in, you can either sell puts, use buy write (buy share and sell weekly calls), use a pyramid scheme (buy more as price goes down following some indicator like RSI), or a combination of those.
You can also just stay out until price breaks out of resistance and the uptrend resumes. Sometimes staying out is a good strategy because you can put the money to work in other stocks that are moving.
This is the good advice. I use buy/write strategy always. It allows me to formally increase the volume of trades (those who use MTM will understand), yet the risk is minimal if any. As far as AAPL, I do not see a reason going long except prior to ex-div day. Also, do not expect much excitement out of the WWDC event. That is, as far as shareprice goes.
You are trying to give advice to Apple tard bag holders who bought in at the high $600? Good luck with that, you will have better results talking to a wall. They (Appletard bagholders), know everything, they don't need /or want your good advice.
Short term 438. If it breaks 470, I will consider it a significant breakout. I will also pay attention to the candlestick pattern on breakout. If the pattern is bullish, the chances of a successful breakout will be much greater.
I agree..... Very range bound..... Look for aapl to fall out of the daily media spot light..... Look for option premiums to get cheaper than one could imagine..... No one will want to buy them as they don't pay off and sellers won't want to accept the low premiums..... It's really what the buyback and div will accomplish and perhaps a "base" can finally be put in place.
Option selling will be the only place to eek out a dime, but those premiums are going lower than low.....