Jim Cramer says don't bite on Apple sell call; buy his new chip favorite

Jim Cramer's recent comments on Apple and a new chip stock have caught the attention of investors, particularly those focused on options. As the host of Mad Money and co-founder of TheStreet, Cramer's opinions carry significant weight. His advice to avoid selling Apple calls and instead consider buying into a new chip favorite suggests he sees limited downside for the tech giant and potential upside for the chip stock.

The Investing Club's Morning Meeting, where Cramer shared his insights, is a closely watched event. The club's members and followers likely took note of Cramer's comments, which could influence their trading decisions. In the options market, Cramer's advice may lead some to adjust their strategies, potentially buying calls on the chip stock or selling calls on Apple. This could result in increased trading activity and volatility in the options market.

To watch next: The performance of Apple's stock and the new chip favorite, as well as options activity surrounding these names. Investors will be monitoring Cramer's picks and the broader tech sector for signs of strength or weakness. Keep an eye on trading volume and options expiration dates, as these can impact stock prices and volatility. Additionally, look for further comments from Cramer and other market analysts to gauge sentiment and potential future moves in the tech and chip sectors.

Originally reported by cnbc.com. OptionNews adds analysis for finance & markets readers.