Apple Inc. (AAPL) is around $128.40, up over $2 as I write this Blog. The stock is up about 16% for the year from the $110 level. The range over the last six weeks has been between $125 - $132.
At this level, the stock is in the middle of the range and I am looking at a relatively delta neutral income trade. What does delta neutral mean? Not really leaning long or short deltas, no opinion (hoping for little stock movement over the near term). What does Income Trade mean? A trade[...]