After peaking near 745, APP quickly corrected to the mid-500s, right around its breakout zone, before rebounding. Over the past few weeks, the stock has mostly been range-bound between 550 and 630. I had anticipated a deeper pullback into the low-500s to fill a prior gap, but the 550 level held firm, effectively forming what looks like a triple bottom on the chart.
My CSP was written just above that potential gap-fill level, but the price never quite reached it — meaning this option expired worthless as well.
Looking ahead to earnings next week, I’ll be watching closely to see whether APP’s valuation is justified — especially after its recent inclusion in the S&P 500 — or if earnings will reveal an overstretched price.
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- Mortimer Arthur·2025-10-29Nice recovery. Looking forward to another earnings crush next week.LikeReport
- Venus Reade·2025-10-29Nice recovery. Looking forward to another earnings crush next week.LikeReport
- BlithePullan·2025-10-28Great analysis! Can't wait to see the earnings! [Heart]LikeReport