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Shorting out-of-the-money (OTM) put options in Apple, Inc. (AAPL) stock has clearly been the best play over the last month. This is because AAPL has been in a small trading range over the last month. The average analyst price target is over 5% higher, but my price target is $325, 19% above today's price.
AAPL is trading at $272.93 in morning trading on Dec. 30. AAPL has ranged from a Nov. 7 low of $268.47 to a Dec. 2 closing peak of $286.19.