On CNBC’s “The Final Call,” Carter Worth said Apple Inc (NASDAQ: NASDAQ:AAPL) is 129. “Middle of June its 172,” he added. "Take some money off the table," Worth advised.
Check out other overvalued stocks making moves in the premarket.
Tony Zhang said Home Depot Inc (NYSE: NYSE:HD) “might disappoint on the back of weak home construction numbers.” He recommended "buying a put spread.”
Mike Khouw said, “If you want to fade Apple, I think in the money put spreads give you a favorable risk-reward here." Khouw added that he liked Target Corporation (NYSE: NYSE:TGT) ahead of earnings but that he liked to “use call spread risk reversals, so I can get myself some immediate upside without the immediate downside.”
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