Loading...
Loading...
Dan Nathan spoke on the show about a huge rally in
Apple Inc.AAPL in the last month.
The stock gained $135 billion in market cap in the last month and on the year it gained $280 billion, which is an equivalent of the market cap of
Alibaba Group Holding LtdBABA. Nathan thinks that there is no reason to be bearish on
Apple but he would think about protection because the options are cheap at the moment. The rally had an impact on Apple's implied volatility, which is at its 52-week lows.
Nathan suggested that traders with a long position should buy the January 110 put options for $2.20. They would get protection below $107.80, which is approximately 2 percent of the underlying.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies 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!
Already a member?Sign in