AAPL- How can they guide higher? They cant!

24 Nis 2022

Same as GAP, NFLX, AMZN and every other consumer related stock AAPL is not impervious to the headwinds. Consumer is tapped out! $6 a gallon gasoline here in CA. Inflation . Higher interest rates. Rising wages. Labor force shortages. Consumers being squeezed on every front. Something has to give! Prior to the Russian invasion of Ukraine, prior to $6 a gallon gasoline, higher mortgage rates, higher credit card rates. I don't believe this will crater like NFLX however it should see a 10-15% haircut in the days following ER and lowered guidance. How many consumers were lost in Russia? How did the China lockdowns affect this quarter? How can they guide higher? I say they cannot! Chart seems to be ready to give up the ghost as well

25 Nis 2022

İşlem aktif

Purchased 50 June 3rd $160 puts

30 Nis 2022

Not

$8 billion dollar hit and NO GUIDANCE! I'd expect a move under $140 in coming weeks

27 May 2022

İşlem elle kapatılmış

Forgot (as usual) to update I closed this trade 2 weeks ago I believe 50% profit on puts. I have been expecting a bear market rally so I sold/ covered all my shorts two weeks ago and have been a bagholder on my longs since