/Apple%20Logo%20on%20Store%20Front.jpg)
Apple (AAPL) stock is moving up off of lows after its fiscal Q3 earnings report released on Aug. 3. Value investors are buying AAPL stock based on its powerful free cash flow. As of Friday, Sept. 1, AAPL closed at $189.46.
Apple's earnings also appeal to traders who sell short out-of-the-money (OTM) put options. This is because they provide a way for investors to make additional income.