Apple Shares Rangebound Post-Earnings: Options Strategy to Profit

• Apple (AAPL) shares have dropped 15% in a month, trading between $245 support and $260-$265 resistance.
• AAPL is set to report earnings on January 29, with options premiums rising due to anticipated volatility.
• The options market predicts a $10.49 post-earnings move, but historical data shows AAPL often stays within expected ranges.
• An 'earnings iron condor' strategy is proposed, involving selling out-of-the-money call and put spreads.
• The strategy targets a profit of $140 per contract if AAPL stays between $245 and $265 by January 30.

Why It Matters: An iron condor options strategy can profit from Apple's range-bound movement post-earnings.