Apple Stock releases its earnings on April 25 and a lot of investors are on edge. There have been many downgrades of the stock over the past month during which the stock has continued to climb. Apple Stock trades on the NASDAQ under the symbol AAPL.
Apple Stock (AAPL) Chart Analysis
The past 6 months of Apple Stock can be seen in the chart below. The high for stock in the last six months is just above the $120 level at $123.82 which occurred back on November 4 2015. Since then the stock has been in a downtrend which may have bottomed in late January, early February 2016 with the stock fall to a low of $92.39.
Apple stock recovered to the $100 support level, and in March it climbed to $110, but has been unable to recover to the $120 level.
Presently the stock has been trending sideways and has held the $109.50 level although that level is not support.
Apple Stock (AAPL) 6 Month Chart to Apr 11 2016
Apple Stock – Million Dollar Challenge
I have been working toward my goal of reaching one million dollars in cash value by December 31 2017. There are just 20 months now left in my challenge. The Million Dollar Challenge may be more difficult to reach now that the stock has stayed trending sideways and down. I definitely have a lot of work ahead of me.
Selling Options For Income In Apple Stock
The entire Million Dollar Challenge has revolved around selling weekly put options to grow an income stream through staying with selling options for income. During periods of high volatility such as we saw earlier this year, the income stream was a lot bigger as put premiums are higher making selling put options for income easier.
With lower volatility, more capital is required and the option strikes picked have to be more selective to keep income from selling put options, flowing in. The focus has to be a careful balance of option trading strategies versus protection of capital from risk of loss.
This has resulted in my selling options for income in Apple Stock continuing to stay highly profitable but more work has to be done weekly to reach my goal of one million dollars of income by the end of next year…..The remainder of this trade alert and strategy discussion an Apple Stock is for FullyInformed Members..
Apple Stock (AAPL) Million Dollar Challenge Trade Alert – Apr 11 2016
FullyInformed Members can read this Apple Stock trade alert and strategy discussion directly through this link or they can sign in to the full members site here. Non-members can join here or discover the benefits of a membership.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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