Lagging iPhone sales, scale of Apple weigh on stock -George Ball

STORY: Bloomberg reported earlier this week that Apple had told its suppliers to curtail efforts to increase the assembly of its iPhone 14 lineup by as many as 6 million units in the second half of the year on disappointing demand.

Added Ball, "I would note that the price of [put options] on Apple... and on the FANG stocks, are very, very high. And therefore the sophisticated investor who might want to sell puts and pocket the premiums, taking the risk that the stock will fall further... can actually get quite a return in their portfolio if the stocks don't go down or if they stay around where they are now."