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Apple, Inc. (AAPL) stock is showing unusually heavy put options activity ahead of its earnings release at the end of April. AAPL has been rising, so investors may think it has peaked. However, analysts have set higher AAPL price targets, and it could still be undervalued, despite its recent runup.
AAPL is at $272.83 in midday trading today, up almost 1%. This is over 10% higher than its recent trough at $246.63 on March 30. However, it could be worth considerably more.