aapl
fire starter
Posts: 267
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Post by aapl on Jul 25, 2024 2:07:59 GMT -8
Apple is down in the premarkets: 216.45 -$2.09 (-0.96%)
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Post by benoir on Jul 25, 2024 10:46:58 GMT -8
Apple is down in the premarkets: 216.45 -$2.09 (-0.96%)Artman ‘likes’ the post presumably because he gets the day off. And the rest of us have shut out eyes and covered our ears in the hope that today wasn’t happening. It looks like it could have been a lot worse than the pre-market indicated.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,313
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Post by Dave on Jul 25, 2024 10:49:58 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,313
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Post by Dave on Jul 25, 2024 11:00:48 GMT -8
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Post by benoir on Jul 25, 2024 11:15:42 GMT -8
Or this take on the carnage: flip.it/a1bACIThis link works in reader view.
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4aapl
Moderator
Posts: 3,845
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Post by 4aapl on Jul 25, 2024 11:27:39 GMT -8
All of the magnificent 7 do have at least some exposure to AI, or a move from investors away from AI. But nearly everything dropped yesterday. People like there to be a nice neat reason, but often it is just crowd psychology. T-mobile sent out texts and emails to us about being able to add insurance on our iPhone, apparently since we paid it off a little less than a month ago. It seems unlikely to help the 14 pro with a screen dot due to being dropped on a pointy rock (says a pre-inspection is required, as it should be). But I decided to glance over at Amazon to see current prices. www.amazon.com/s?k=iphone+14+pro+screen+replacement&i=mobile&rh=n%3A19633579011%2Cp_72%3A2491149011&dc&ds=v1%3AvGF13gHJ0KIT59aacS2mUWQIzlfw8BZ7I0OWMrkJ3ps&crid=1J8C0EEY5UMUG&qid=1721934580&rnid=2491147011&sprefix=iphone+14+pro+screen%2Caps%2C175&ref=sr_nr_p_72_1Turns out there are 2, and maybe a couple more that don't have at least a 4 star average. At $177 and $200, they are quite a bit lower priced than Apple's ~$300 after return, or ~$350 for Apple to replace it. I haven't checked to see if those prices have lowered. Both of these options, and some of the non-rated options, are pretty new. One was first listed 2 weeks ago, and the other at the end of May. FWIW, non-pro versions like the 14 and 14 plus have prices that start at $40/$60. We replaced the screen on an 8 Plus many times. The screens were decent, but the color wasn't quite as good as OEM. And it's hard to know if they weren't as durable, which would have contributed to our many replacements. It's just good to know what options are other there these days. Not all surfaces that smartphones fall onto are flat, and so cases don't protect everything. If you have a phone that is prone to being dropped, put a screen cover on it to give it a little extra protection.
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4aapl
Moderator
Posts: 3,845
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Post by 4aapl on Jul 25, 2024 13:14:06 GMT -8
I don't always believe options expiration is enough to move the stock, especially when there is an outside stimulus or the open interest is low. finance.yahoo.com/quote/AAPL/options/Looking at the current OI, getting up to 222.5 looks about right. That might not be the exact Max Pain level, but it's around there for close to the money calls and puts. But with 100k daily volume on the 220 calls, and 75k on the 215 puts, depending on how much of that translates over into new OI there could be some decent volumes. It will be interesting to check on that in the morning (on Yahoo the new OI doesn't show up until the delayed ~20 minutes into the trading day. I don't know if other places show it earlier like this evening (CBOE?), though you should be able to at least skip the delay by using a brokerage's feed). I was really hoping to see some new ATH's in the next ~5 weeks. It could still happen, but this movement makes it somewhat less likely. It might instead take good things from Apple on earnings and iPhones, and the first rate cut.
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