Look at the put buying on AAPL yesterday for January 18 Expiry. Are big players expecting further down? Seems like it. Call/Put ratio is 1:4 - which says a lot about confidence in AAPL.
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Larry Haverty: Chinese market will continue to be 'very difficult' for AppleBMO's Tim Long said that it's not the U.S.-Chinese trade war that's hurting Apple, but instead the iPhone in China is 'not a compelling product and in China that's one of the places that's really cutting edge for features on devices.' Why people are not upgrading their iPhones? Well, Apple got caught cheating by slowing users’ batteries after 3yrs. Now that is over, there is no reason to upgrade.
Source: CNBC - 🏆 12. / 72 Read more »