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Apple, Inc.'s (AAPL) revenue, free cash flow, and FCF margins surged in its latest quarter. This has pushed AAPL target prices higher. Two plays are attractive: short one-month out-of-the-money puts and buy longer-dated in-the-money calls.
AAPL is down to $271.83 in midday trading on Monday, Feb. 9. However, that is up from a recent trough of $246.70 on Jan. 20. That was before its Jan. 29 release of fiscal Q1 results ending Dec. 27, 2025.