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Barchart
Barchart
Mark R. Hake, CFA

Apple Stock Is Stuck Below $200 in a Trading Range - Short OTM Puts for Income

AAPL OTM

Apple Inc (AAPL) stock seems stuck below $200 per share in a trading range. This is ideal for short sellers of out-of-the-money (OTM) put options in close expirations. AAPL shareholders can make extra income.

As of morning trading on Monday, Dec. 18, 2023, AAPL is at $194.77 per share. This is off its recent high of $198.11 on Dec. 14., but up just 2.7% from a month earlier price of $189.69 on Nov. 17. In short, AAPL stock seems stuck in a trading range.

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