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Apple (AAPL) stock is worth over 23% more at $265 per share based on its strong free cash flow (FCF) and FCF margins. Investors can sell short out-of-the-money AAPL puts to generate income and to set a buy-in target price.
AAPL is at $215.90 in morning trading on Monday, July 1. The stock has been rising since May 2 when it released its fiscal Q2 earnings. The stock was at $169.30 on May 1, so it's up 27.5% in the past two months.