Apple's (AAPL) Valuations Is Difficult To Get Behind & How To Trade

I find today's valuation difficult to get behind, notes Tony Zhang on Apple (AAPL). He previews AAPL's earnings which will be released Thursday, May 4th, postmarket. Adjusted EPS is estimated at $1.44 and revenue is estimated at $93.32B. he talks about how he doesn't see how earnings pushes AAPL even higher with the technical levels and the rich valuations. He then demonstrates an example trade using AAPL. The trade type is buy a put and the direction is bearish. Tune in to find out more about the stock market today.