How to bet against Apple with options as its chart breaks down ahead of earnings

📆 01/11/2023 11:38:00
📰 CNBC

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Apple's earnings are on deck Thursday after the close.

Now that the majority of the so-called Magnificent 7 have reported earnings with mixed reactions, Apple is on deck this Thursday after the close. Apple's valuation is a concern for me given the current interest rate, macro, and geopolitical environment. Trading at over 26 times forward earnings, AAPL's valuation does not reflect the uncertainty with discretionary spending into the end of 2023.

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