HomeInvestingEarningsBearish On Mega Cap Tech, How-To Trade Apple (AAPL) Ahead of Earnings
Bearish On Mega Cap Tech, How-To Trade Apple (AAPL) Ahead of Earnings

"I still have a long-term bearish view on mega cap tech. Now that we have seen some strength here in names like Apple (AAPL), there is an opportunity to fade. If you look at the AAPL (APPL) chart, $150 is a key price level. If you look at the business, it is trading at a fairly rich valuation to the S&P 500. Apple (AAPL) was not immune to a recession," says Tony Zhang. Then, Zhang discusses an example put option spread with a bearish direction on Apple (AAPL).

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