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June 420 puts are bid $25.25.
Yeah, it's overfollowed, which also makes me cringe.
But I have a soft spot in my heart for companies that make insane amounts
of money even when less than 100% of the gusher is sustainable, so I worry
about its being overfollowed more when it's hitting new highs than new recent lows.

Excellent point. Current market cap: $396.9b. Enterprise value: $260b. TTM net income: $41.7b. I happen to think there are lots of reasons to expect that net income to go up, not down, but at less than 7 times earnings (actually 6.5 times), 50% of the present gusher would do fine.

It is remarkable how much good news (increasing phone market share in the USA, for instance?) flies under the radar when the overfollowing means that only bad news about Apple seems to be worth reporting.

I don't like those puts because I want the shares at $600, not just the $25 put premium.

Regards, DTM
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