Buy Apple, do a covered call Jan 22...

Cabin111 said:
I think Apple will be sourcing out of China in the near future. Apple has huge sales in China. I am thinking China only wants to screw with companies that doesn't hurt their people. Take away Apple phones in China...The people would be pissed!! Then they would somehow (magically) get back into China...Via Hong Kong, Vietnam, Thailand...
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There is an intel. buzz on Taiwan and China may take advantage of a Biden win. APPL would suffer a lot if this ever happens, (and I think sooner or later it might).
https://www.newsweek.com/china-forces-high-alert-after-us-warship-sails-near-taiwan-1539347
 
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What about doing an ATM bull put at 115/100 ($2.20 credit) to get into the shares? $280 risk on $220 reward per order. Scale the orders to how many shares you want to acquire. If it closes OTM you keep the cash and do it again. If it closes ITM you get assigned the shares at a discount from the credit, then proceed to sell the covered call. Jan short call ATM is $8.65 (after hours prices). So now your cost basis is $104.20. If shares close above your short call you get assigned and max profit is $1080 per order (10% in 84 days/43% annualized). If the stock closes below the short you sell another ATM call, reducing cost basis again. Repeat until the stock gets assigned. Danger is AAPL goes bearish, but if it starts trending bearish you buy some puts and put yourself is a collar trade until it finds support.
 
Cabin111 said:
Still have my Chevy Colorado I bought new in 2005. Read "The Millionaire Next Door"...That's me!! It was on the New York Times best seller list for months. It's over 25 years old...But it still applies.

There are different summaries on the internet about the book. Wiki has a good one. Here is one I grabbed off the net.

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwifpt2WncnsAhVDeawKHUt_DSgQFjAIegQIFBAC&url=https://www.debtfreedr.com/the-millionaire-next-door/&usg=AOvVaw0kJ0BHeaK8najWXU9LX8n7
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Texas too

nice book
 
Cabin111 said:
So I sold a business a few days ago. I'm flush with cash...I don't know where to put it. Some has gone to CDs, some to the kids, much in stocks (think Boeing and Loews...Covered calls), and some to taxes. Still have much to invest. Taking my time. Want your thoughts on buying Apple (AAPL) under $115. Do a covered call for the Jan 22 at $120. At this time, I could get about $18.15 for it. Just a way to create cash flow. Please feel free to shot holes in this idea...
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listen to Q3 tesla earnings

$tsla will eventually have a 1 trillion market cap
 
Was thinking about Apple this morning. You may think I'm nuts. Has Apple become a value stock rather than a growth stock?? It has been around soooo long, they have their niche (major), and they may grow slowly. They have tons of money on the sidelines with no place to put it.

Just wondering, when does a company becomes a mature/value company rather than a growth company??
 
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Cabin111 said:
Was thinking about Apple this morning. You may think I'm nuts. Has Apple become a value stock rather than a growth stock?? It has been around soooo long, they have their niche (major), and they may grow slowly. They have tons of money on the sidelines with no place to put it.

Just wondering, when does a company becomes a mature/value company rather than a growth company??
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I looked up on Investopedia...They called Apple a mature company as their example!!

Real-World Examples of Mature Firms
Apple Inc. (AAPL) is one of the most innovative technology companies in the world today. As a mature company, Apple has had to adjust to slow and steady revenue growth. However, the company tends to produce higher growth than most mature companies given its industry and loyal client base.

Revenue or sales for 2019 is expected to be $257 billion while for 2020, the company is expected to generate $269 billion. Those numbers would be approximately 4.6% growth in revenue from year-to-year.
 
Cabin111 said:
Want your thoughts on buying Apple (AAPL) under $115.
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AAPL has been a 12x banger over the past 10 years & if history is anything to go by, together with the new 5G, its a good buy.

https://www.stocksplithistory.com/apple/

with the right options it could provide a nice income stream

consider this

https://www.investopedia.com/articles/investing/022816/top-5-positions-warren-buffetts-portfolio.asp

"Comprising 49.1% of the Berkshire Hathaway portfolio, Apple Inc. (AAPL) represents Buffett's largest holding. Berkshire Hathaway owns approximately one billion shares in the tech giant"

compare the last 10 year performance AAPL to QQQ ....
 
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