AAPL
Apple Inc.
stock NASDAQ

If I ever trade AAPL options again someone please chop my hand off. Preferably my dominant hand. The one I use to trade with

Except all the "big overvalued" companies are generating a massive amount of revenue and are trading under 30 forward P/E. By those metrics, NVDA, AMD, GOOGL, AAPL, MSFT, etc are all undervalued and not in a bubble.
Take NVDA for example its trading at a 29 forward P/E and has over $60 billion in cash with only $10B debt. That doesn't sound like a company with a high valuation or low revenue

if MSFT and AAPL get more red QQQ is going to burn
https://preview.redd.it/klcw0ved9vzf1.jpeg?width=736&format=pjpg&auto=webp&s=2a7b4e515a835ce92cc5b848c24ad4ac68e27758

My AAPL puts have been green for 90 minutes straight!

AAPL is up for the week

**Why People Choose JEPQ/JEPI:**
**1. NAV Protection**
* JEPQ owns quality Nasdaq stocks (AAPL, MSFT, NVDA)
* Covered calls generate income without destroying principal
* Your $10,000 stays $10,000 (or grows)
**2. Lower Risk**
* Not leveraged like mREITs (ARR uses 8-10x leverage)
* Not interest rate sensitive (mREITs get crushed when rates rise)
* Diversified across 100 stocks (not just mortgages)
**3. Tax Efficiency**
* Some qualified dividends (lower tax rate)
* mREITs = all ordinary income (higher tax)
**4. Liquidity**
* JEPQ: $15B AUM (massive, tight spreads)
* ARR: $1.8B market cap (smaller, wider spreads)
**5. Professional Management**
* JPMorgan actively manages (smart covered call strikes)
* mREITs are passive (just leverage mortgages)

AAPL safe haven asset

A little over week ago [I posted here](https://www.reddit.com/r/FuturesTrading/comments/1ok88pn/is_the_market_vulnerable_here/) on Reddit that the market looked fragile due to the potent combination of breadth deterioration, MAGS-led complacency, TA vulnerabilities, and a climbing VVIX/VIX ratio, among other things. 
In line with recent times when we’ve seen this combination, the S&P futures have now pulled back over 3%. Downside setups were strong.
So where do we stand now and how may this help evaluate what comes next?
* The percentage of stocks above the 50-day MA has dropped a further 11% as compared to \~25% deterioration in the four-day period noted last week. So while we’ve seen some slowdown in that regard, the overall trajectory is clearly down and at levels on par with what we saw in April. 
* MAGS led index prices to new all-time highs this past week, but without the rally broadening out, the indices were super vulnerable. This week though, there is some welcome relief as the rising S&P equal weight : SPY ratio indicates broadening participation and improving market structure. 
* Last week I noted that the rising VVIX/VIX was our early sign that risk was ahead, though masked by headline index prices. As the VIX pushed over 21 today, we’ve not seen VVIX rise as fast and so this ratio has fallen substantially. 
* That decline indicates volatility demand is normalizing, suggesting the market is absorbing the shock rather than escalating it.
* In fact, this ratio is now back to where it was in mid-October, when the S&P 500 futures (and index/SPY) tested the trend channel which developed coming out of April weakness. Prices are there again now, again testing the 50-day moving average and hovering just above the cloud model. Unfilled gaps created on the way up, a sign of weak structure, have now been filled (while a new one was created today).
* While on the topic of technicals, the RUT double top was prescient, leading to a 6% pullback.
* Elsewhere in the credit markets, short-term treasuries are outperforming high yield corporate bonds. That’s consistent with risk-off rotation but not yet systemic stress, since spreads are widening in an orderly fashion.
* This leaves markets at a critical juncture and not nearly as clear as last week’s reading. Three technical things to watch will be: 1) Ability to recover the 50-day, 2) Reaction at cloud model, 3) Ability to recover primary trend. A bonus is how we see stochastics, pictured below, react at oversold levels. Recovering these levels would suggest the pullback was corrective instead of the start of something major. 
* At the portfolio level, I kept my anchor stocks (NVDA, AAPL, AMZN etc) but sold all speculative stocks and increased portfolio cash to about 53%. I'll wait until the above resolves until I increase positioning to 90% or more.
* Seasonally, the market performs well November to year-end, though it's too early to count on that.
https://preview.redd.it/95tfrknr2vzf1.png?width=1117&format=png&auto=webp&s=4e53803e0c44f2350579d8f7d0549cd7eb9f908f

Absolutely. I don't disagree about the valuations at all, some of them are very obviously absurd. And even some great and useful companies are being hyped into skyrocketing stock prices. But that's nothing new. Stock pricing has never been rational, always sentiment driven, always cultural and social as much as about fundamentals or financials.
And of course it was exactly the same thing for the internet, the web, and software in the late 90s and early 00s. But of course computing, software, and the internet changed everything and winners emerged from that bubble. I was really glad I bought a lot of them back then, like AAPL.
I actually first bought NVDA years and years ago precisely because I was working with computational scientists who were struggling to get the GPUs they needed because of gaming, so long before the chatbot/LLM market there was high demand for the infrastructure for this kind of computing, and there always will be (barring full post-tech apocalypse, in which case stocks won't matter much).

My holdings:
MS, JPM, V, AXP, WMT, BRK, AAPL, NFLX, NVDA, AMZN, META, MSFT, BRK, COST, GOOGL
Smaller amounts (riskier) BTC, RDDT and UNH

Exit $AAPL with a .95 loss on the Calls - I like the RS but this market just broke below the SMA 50 and if it continues down even the strong stock won't be able to withstand it 

Can someone please tell AAPL to join this sell!

AAPL thinks it's too good to dump

AAPL safe haven as always

Only if AAPL dips. Nothing else interests me

You really think Apples best days happened in spite of Steve Jobs? No way, all Tim Cook has done has kept on the path that Jobs laid out. He has done it fantastically, don't get me wrong. But that's no slite to Jobs.
TSLA has greatly outperformed AAPL in the last 10 years, I think AAPL has done a great job of riding Jobs coattails but there has been very little true innovation since Jobs death.

AAPL haters are awfully quiet.

AAPL be like: what is “a correction” bro

I see you AAPL

Then there’s AAPL