 Let's go to Jim and Denver Colorado. Hey, Jim. What's going on? Morning Jim Hey, thanks for taking the car watch you guys all the time. We appreciate that. Thanks, man. Thanks. Thank you so much I subscribe to Steve Rhodes sweet and You know my wife who's a lot luckier than I am has some Apple stock And we were thinking about selling it but it looks like it's broken the all-time highs and might like go to 300 or something So it's one or what you were thinking. Okay, stay right there. Well, we're shot break. We'll come right back Bottom line is that not a bad year to be an apple shareholder Stay right there folks Tommy and I are coming right back. We have the Dow industrials right now Trading down 28 nasa because that's 20 s&p's are up two and a half. We're gonna be coming back But I'm and Jim from Denver, Colorado Welcome back folks. I doubt I was down 18 nasa except 23 s&p's are three and a half We're talking when I'm at Jim from Denver. We're talking about Apple, you know, this is uh, I mean There's quite a score there. There's no two ways about it. So, you know You always say, okay. Are you gonna sell a big winner like that? Well, it really depends on how long Oh, which is gonna do with the money first, right? Right and then, you know, is this gonna keep going? Well, it should have retracement That's for sure. Okay, but on a long on a longer basis I mean, we're in you know, these these large companies basically have taken over just about everything You know, so I mean, I was I was looking I'm not suggesting this But what does get cool depending on how many shares that you have is that you know, I was just looking at the January 270 calls, right? So let's picture that if you're if you're gonna sell it at 270 and You really just sell it because you think it's too high and it might buy it back again You can sell a 270 call for 755 all those per 100 shares and Then you cover the 262 not that that's a lot because Apple can go down 40 bucks in a heartbeat You know what I'm saying you understand how that works Jim. Yeah, I got a rough idea and I have to review it again Yeah, no, I just for everybody just asking, you know, basically you sell the call, right? so you receive the $7 and 65 cents per share just for everybody else out there and So you automatically then are basically in the same way Protected because if you sold it to 70 now, you could sell it at 262 50 and end up with the same amount of money, which is the $7 in exchange But what happens is is that if that starts trading above that level you'll get a call the way from you, right? So when you own the shares, it's different right? Yes, I'm not saying it's different and then this is it's a good strategy folks If you understand options and you were gonna sell the stock and and this is the kicker that You don't think the stock gonna take a monster hit. Well, that's the big kicker And that's that's because yeah to put it out, right if Apple goes down to 250 you've now lost $20 in the price of the share and you've only collected $7 in the options So you've actually lost $12 per share, right? And you have till January 17th, you know, how long has she owned it? Well Seven years, I think that's awesome several years. I'm sorry. Hey, that's awesome You know, it's quite a how should I say? It's she's gained a lot. Yeah, it's even the last two or three years I mean you might not see something like that run that apples had in many equities in a long time Especially because it was such a mature stock at that point to have that type of a growth Right, you don't have to sell all of it. Yeah, that's the other side of it Do you know what I mean? And it really I would say that two different things that are happening is that if you're gonna sell it I Would make sure you know what you're gonna do with the money first Okay Because I like the idea I mean if you get a score and I know I'm swapping money from one Bucket to another that's that I like how that works, okay? You don't necessarily just want to be sitting there in cash And said okay, I sold it just because it's high. You know what I'm saying, right? You know because I think you know Apple Google Amazon, I mean, I think yeah around for a long time I think you know, we're not at the beginning of this, but we're certainly not close to you know The middle I mean, do you know what I'm saying? So It could go up a lot higher, but it would take a while probably and well and well because if we look at Apple So watch what happens I bring this back in a monthly what you're gonna see is that Apple had consolidated for a long period of time and Then well, it's not that long. I mean it consolidated with this. Well, yeah, you can say 2014 November 2014. Yeah, three years. I consolidated two and a half. Yeah, February of 17 and then it took off That pullback just to put it in nobody thought it was gonna go from 233 to 140 Just a year ago though. So that's kind of the dicey part about that, of course Yeah, that I'm sure you know Jim because that was quite a pullback. Yeah, but if it's a long-term Deal because there could be some volatility Apple really prone to the tariff deal We have we have tariffs coming down the line Sunday So, you know if you're if you're gonna be a long-term older And it's still if it's something that you plan on getting out of it anytime soon sell some of it You might have an opportunity because even if the the talks get extended, right? Does that mean they're not gonna get pulled back? Does that mean the president's not gonna get out there and threaten to Re-institute those tariffs in which you might see some volatility in Apple So they're kind of prone to that deal and no matter what happens before Sunday I think we all know that's gonna persist as Time goes on. Yeah, I mean, she has a good problem I look at it that by it's 140 man was just you know quite a year for Apple It is so the real question is is that you know What what I would say that if I was in that position I'd sell some of it because when you look at that chart It's like okay, man, you know We on a six-month chart. Let's just say that yeah, I mean Even just 192 five months ago to 269 that's you know, 35 percent that that you On a company that's already running the world practically I wouldn't get I wouldn't totally get out of it But the bottom line is that she could sell some of the shares and still do very well What are you gonna pay about 15% tax you get a figure the tax implications that it to I mean, that's the other side of it Yeah, I would all add into it. You might see No, that's even better if that's the case now listen folks what did you know I'm totally serious about that because what ends up happening everyone should be doing this right now folks Okay, you should try to figure out I mean if you have a if you have a loss that you've been carrying forward even three or four or five years on your taxes, right? Go look at them because if that loss is there you can you should be taking that game to put it off because that is Exponential money because that's money found because you're already sitting like you might be sitting with a 10 20 30 50 thousand dollar loss Going forward because you only can write off 3,000 a year. Okay, so If that's the case, that's a whole different ball game, man I mean, I love when that happens. Yeah, because then you are paying nothing and And you shouldn't be because their losses offset in the game. That's right. Yeah loss, okay Bottom line was the most times and your tax forms was it could be five years ago seven years ago And yeah, but you want to get rid of it because that's found money, man Now the only thing I'll add to a gym. I'm an iPhone owner myself. I have an 8 plus right now So I haven't gotten the 10 I've got the 11. I'm waiting for the 5g phone I'm trying to we'll see if it lasts out So I think Apple's gonna get a boost man when they come out with the 5g's cuz I think there's a lot of people and they've done well with This you know issue of their phone, which was kind of a hold-off. They were worried about it They've done well and when they push out a 5g, I think there's a lot of people That'll be the first real reason in a long time besides just an upgraded camera. Yeah, that's an upgraded speed There's an actual definitive difference between the last phone and the new phone Which will be a 5g so I imagine that they'll get a boost and it'll be leading up to that It won't be the day off You know what I mean? It'll be leading up to that release that people are saying they're gonna have another big round of iPhone sales Which they don't even tout in their earnings anymore because they do so much cloud revenue So now your head's really spinning Can't go wrong with Apple that's the bottom line man But you can't go wrong taking some of that money and you can't go wrong if you get a tax laws carry forward man Just do it. I'd match it up man. I That's found money. That's found money man. And every year sometimes I forgot to do it last year And I'm saying myself. Why did I just I could have done this in two seconds tax planning get on it. No, I know man For sure. No, okay, brother. Well, thanks for the help. Thanks. We'll call Jim. See you right now That's not 41 as except 19 S&P's up one and a half. I'm gonna come right back