A High-Probability Iron Condor Trade on Apple Stock with 22% Return Potential
Corroborated by 2 sources from 2 publishers
middle_eastpolitics1d ago
TL;DR
Iron ore miners could face billions more in fuel costs due to Iran war, Fortescue says Apple (AAPL) is currently a compelling candidate for an iron condor strategy with the stock being stuck in between the 50 and 200-day moving averages. Apple stock is also showing high implied volatility at 28.62% compared to a twelve-month low of 17.33%. More News from Barchart This allows traders to collect more premium, increasing the potential return and providing a wider margin for error on both sides of the trade.