I personally would not be going long Apple right now. The QQQ is not looking so hot and I think the market makers are just going to let Apple hover in a range. The reason why I don't think QQQ is going to go up by that much is because it is under the 50 day moving average while SPY is fairly close to the all time high. If they can push financials and the other sectors, they can keep tech suppressed and buy it up when retail is tired of holding Apple.
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ya, but if it dips you can buy and sell calls
Yes but selling calls doesn't mean you won't lose money. You only limit your losses and will be stuck bag holding. Depending on the strike price you are willing to let go, the premium might not be worth it as you could spend that on a better opportunity in the stock market.
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