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Apple Inc (AAPL) stock is rising but is still well off its highs. Moreover, it could raise its dividend next quarter. That makes it attractive to short sellers with out-of-the-money (OTM) put options and buyers of long-term in-the-money (ITM) call options.
I discussed this options strategy in a Barchart article on Feb. 2, “Apple Stock Is Off Its Recent Highs, But Is It Poised to Rise Again?” So far, these plays are working. This article provides an update.