Apple Q3 Earnings scheduled for October 31st: Is Now the Right Time to Act?

Apple is set to release its latest earnings report on October 31st after the market closes, and the stock has been on a strong upward trajectory—up 41% since its lows in April and now hovering near its all-time high. However, some investors were surprised earlier this year when Warren Buffett's Berkshire Hathaway sold off 510 million shares, reducing its Apple stake by 56% in the first half of 2024. Does the Oracle of Omaha see something that other investors may be missing?

Another key factor is the release of Apple’s new iPhone model. Will it boost Apple’s momentum, or could it reveal challenges in consumer demand? While supply isn’t an immediate concern, critical demand support comes in around $215 per share. A pullback to these levels might be what some investors are waiting for before making their next move.

With earnings around the corner and mixed signals from high-profile investors, the question remains: is now the right time to take action on Apple?

Trading Considerations for AAPL Earnings:

• Sell the 205/200 Vertical Put Spread

                                     or

• Sell Cash Secured Puts at 215 or below

The trading opportunities mentioned are informational and not intended as personal financial advice, conduct your own due diligence, all trades involve risk, there is no guarantee of ROI, a potential loss of capital exists with any trade.