YieldMax AAPL Option Income Strategy ETF

$NVIDIA(NVDA.US) has now erased more than $1.7 TRILLION in market value in just 5 weeks

Source: StockMarket.News

TSMC’s October revenue rose 59.7% year-on-year to a fresh record high NT$586.89 billion (US$18.46B) amid robust global AI-related chip manufacturing demand.

Source: Dan Nystedt

NEW in Power On: Apple eyes autonomous, agentic Siri as early as next year to rival ChatGPT Dots, Meta Muse, Grok. The goal is to move beyond responding to commands to an assistant that can proactively manage tasks and get things done on your behalf.

Source: Mark Gurman

Also in Power On: Mike Rockwell, the Apple executive who helped rescue Siri AI, continues to seriously consider leaving his role as Siri chief — or Apple altogether — next year. His departure would be a major blow as Apple looks to accelerate.

Source: Mark Gurman

Context

Apple Inc. (AAPL) recently delivered a strong Q4 FY2026 earnings report, posting record September quarter revenue of $114.5 billion (up 12% YoY). Despite robust hardware demand driven by the new iPhone Duo and record Services growth, management issued a rare warning: skyrocketing global memory chip costs will squeeze holiday quarter gross margins down to 45%–46%. This margin pressure, combined with stalling sales growth in Greater China and a rich forward P/E sitting near 37x, has halted the stock’s recent bullish momentum. The equity currently trades at $342.37, down slightly from its new all-time high of $355.38.

My trade

Given the valuation premium and imminent margin compression from component costs, a neutral-to-bearish short-term strategy is optimal. I executed a bear call spread on AAPL, selling the December 2026 $360 call and buying the $365 call for a net credit. This credit-collecting option play capitalizes on the massive institutional options resistance at the $350–$355 range, allowing me to profit from time decay and structural consolidation as the market prices in higher input bills over the holiday season.

Takeaway

Component costs overrule revenue records. Even a massive global ecosystem cannot completely escape hardware supply headwinds. While Apple remains a secular long-term winner due to its highly sticky Services layer and impending Apple Intelligence cycles, near-term upside is capped by severe margin friction. Investors should avoid chasing the stock at all-time highs and wait for pullbacks closer to structural support.

$Apple(AAPL.US) Looking forward to its continued performance.

$Apple(AAPL.US)

Apple $Apple(AAPL.US) – Stock & Earnings Review

Apple's investment outlook depends on iPhone demand, Services growth, AI monetisation, and profit margins. Key risks include China competition, regulatory pressure, and premium valuation. For long-term investors, monitor earnings growth and free cash flow rather than short-term price movements alone.

Verdict: Strong business, expensive valuation. Long-term HOLD; consider accumulating on meaningful pullbacks

$Apple(AAPL.US)Not here for the daily noise. Here for the long-term journey. $Apple(AAPL.US) 🍎

Trade Showcase: Trade, Show & Earn Rewards!$Spdr Select Tech(XLK.US)

Bull: XLK concentrates the sector’s strongest earners. Microsoft’s latest quarter showed revenue up 19% and Azure up 48%, ahead of estimates, with a near-50% operating margin. Alphabet’s Cloud revenue grew 103%. Both point to real AI demand that flows to the chip, software and infrastructure names inside the fund. XLK was up roughly 22% for 2026 at end-July, charges only 0.08%, and the rceent pullback offers a lower entry point. Some analysts see the selloff as a reassessment of earnings expectations, not a collapse in demand, and Nvidia’s Nov 17 report could reset sentiment.

Bear: Concentration cuts both ways. Nvidia, Apple and Microsoft make up around 40% of the fund, the top ten about 65%, and the fund trades near 32x earnings, leaving little room for disappointment. The market now punishes AI spending: Microsoft’s capex doubled to $39B with free cash flow falling, and Alphabet’s free cash flow turned negative. Weak jobs data (just 29,000 added in September), higher bond yields and rate-hike worries add pressure, while midterm outcomes could shape AI regulation. The yield is only about 0.5%.

Net: Strong long-term fundamentals, but near-term volatility. Staged buying reduces timing risk.

STI opened about 2.7% lower with DBS and OCBC results to digest is overreaction vs US, after DBS missed forecasts and UOB profit missed, STI -2.7% after STI nearly 10% off peak already priced bank misses, Grab raised outlook shows SG resilience. Democratic sweep turned into AI selloff chip index lost 12% worst since March 2020 and Nasdaq 100 fell 6.4% bearish US tech, after Apple beat but slid on memory costs and Alphabet worst day ever, -12% chip index after chipmakers crashed Friday Intel record drop shows AI bubble finally popping, voters turned on centres is final nail.