$APPL so far has been able to stay inside the wedge
I think Apple is preparing to hold the market during march and april 2024. The fact that Apple has filtered the end of the EV era at Apple makes me think there was a lot of pressure inside the company's leadership to put an end to what appeared to be a non-lucrative enterprise. At least not as lucrative as manufacturing phones and computers with 50% margins, unless the car was sold above the 150k mark or so. It is bullish but not in the short term as Apple needs to refocus on its AI powerhouse. For some reason they have been reluctant to push the button to transform Siri into a modern version of an AI that should be able to compete with Open AI's chat gpt. I can imagine the project is in the works, and it is a matter of time for them to push the button and upgrade Siri. The VR googles sill early but they seem to be on the right path in terms of hardware, however META has an edge in the market given the amount of data Whatsapp has amassed including Facebook itself. Apple should start moving to compete neck to neck with Meta i think in the next 24 months or so. I'd take calls no higher than 200 strike expiring in april and beyond or a mix of call spread to sell the 200 and buy the 180-190 depending on how much you want to risk. Perhaps grabbing a couple of puts just to hedge below 175 in the short term, in case Tim Apple goes SNOW style.
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