Apple (AAPL) is having a rough year, and traders are taking notice.

The tech giant is now the worst-performing Magnificent Seven stock of 2025, down about 20% year-to-date. As of last week, Apple also notched its eighth consecutive red day, its longest losing streak since January 2022.

AAPL Bulls vs. Bears

Despite the slide, long-term bulls aren’t flinching. Warren Buffett's Berkshire Hathaway (BRK.A) (BRK.B) still holds over 20% of its portfolio in Apple — a position that's returned over 600% since 2016.

But AAPL skeptics see risk ahead. President Donald Trump recently said he would impose a 25% tariff on all iPhones built outside of the U.S., sending AAPL shares down by 3% on the day of the announcement.

At the same time, bulls are gearing up for a reversal. Apple’s WWDC 2025 event is scheduled for June 9, with investors anticipating iOS updates, Apple Intelligence revamps, a potential gaming app, and a complete overhaul of the software UI. Fans of the stock are betting this could be the turning point.

One Way Traders Are Playing It: Long Call Butterfly Strategy

One potential strategy to capitalize on declining volatility for AAPL is the long call butterfly — ideal for traders expecting Apple to stabilize or rebound toward a target price.

This strategy limits both upside and downside, making it attractive in times of uncertainty, like ahead of major events.

And using Barchart’s new Options PnL Charts, traders can now visualize their exact risk and reward, down to the dollar.

See It In Action

We break it all down in this week’s market reel — showing:

• Apple’s 8-day losing streak
• The key headlines shaping price action
• Why the long call butterfly may be gaining traction
• How to set up and visualize the trade using Barchart’s PnL tools

Watch the Apple Strategy + Trade Setup on YouTube Now: