Apple Inc. (AAPL) is facing headwinds despite the launch of the new iPhone 16, which offered only incremental improvements over the prior generation.
Investors eagerly awaited the company's Apple Intelligence software update, but its absence as a significant growth driver is tempering investor enthusiasm.
To capitalize on the potential downside, I suggest selling the Nov 15 $230/$245 Call Vertical.
This entails: Sell the Nov 15, 2024 $230 Calls @ $7.73 Buy the Nov 15, 2024 $245 Calls @ $2.41 View this trade in OptionsPlay for updated pricing.
This trade provides a high probability of profit trade for investors who believe AAPL will remain range-bound or face further downside, particularly given the slowing growth.
Persons:
AAPL's, AAPL
Organizations:
Apple Inc, Apple Intelligence, Apple, CNBC, NBC UNIVERSAL
Locations:
OptionsPlay