Dan Nathan's Apple Inc. Hedge

Loading...
Loading...
Dan Nathan spoke on
CNBC's Fast Money
about his expectations for
Apple Inc.AAPL
ahead of earnings, scheduled for October 20. He thinks that the sentiment for the stock is positive and that earnings will meet the expectations, but he is not happy with the last week's iPad presentation. Nathan believes that a weak guidance could be a reason for a sell off in the stock, but not as large as the
Netflix, Inc.NFLX
sell off, because
Apple Inc.
is a defensive stock. Nathan believes that it would be a good idea for traders with a long position in
Apple Inc.
to buy the October weekly 96 put for $1.40. The break even for this trading strategy is at $94.60, which is just below the key support level.
Posted In: CNBCMediaDan Nathan
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...