Weekly Wiretap Pick Of The Week AAPL

MAX Trade Potential: 105%

My Trade Plan Details:

• AAPL July 18 $215 Puts around $4 to $4.20

• Stop: AAPL closes ABOVE $216

• Target 1: $211
  
• Target 2: $209
  
• Target 3: $206
  

My Reasoning:

1. China / Global Risk Exposure

• Apple has high exposure to China for both manufacturing and sales. Ongoing geopolitical tensions or regulatory threats in China (e.g., iPhone bans in government agencies) could spook investors.

• Slowdowns in global iPhone or services demand (especially in emerging markets) would pressure margins.

2. Broad Market Correction Risk

• If the Nasdaq or S&P 500 is showing signs of a pullback, large-cap tech like AAPL often gets hit too.

• Rising yields or concerns over the Fed staying hawkish can weigh on tech stocks, especially megacaps like Apple.