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Apple (AAPL) stock has been treading water in the past two weeks since our last article at the end of March, “Apple Might Hike Its Dividend, But Investors May Want to Short Its Puts.” AAPL stock is trading at $164.16 in early trading on April 17, very close to the $164.90 price at the end of March. Earnings are due out on May 4 for the company's fiscal Q2 period ending March 31, so it makes sense to review the trades we discussed.
In this regard, short sellers have been making money selling out-of-the-money puts and calls ahead of the company's May 4 fiscal Q2 earnings ending March 31. In fact, the short option plays mentioned in my last article have already produced huge profits.
