AAPL is range-bound and likely to stay sideways; a low-IV options strategy can profit from this.

Now, let's look at a couple other stocks. We'll look at Apple. It's been trading in a range.

Let's look at some Apple. Why? You know, it's just like random. That's just like what's on my mind. Apple. Uh haven't traded here in a while. We're at 309.

Uh, you know, we're past earnings, which occurred here July 30th. We saw a gap down. We looked at this earlier. It's trading near the middle of its bowlinger bands. We're kind of in a consolidation zone.

middle of its bowlinger bands. We're kind of in a consolidation zone. This is where I might look for uh just a sideways trade. Now, the IV is not going to be super high on on uh Apple.

The IV rank right now is 56, which puts it in the 41st percentile of uh of where it typically would be. So, this is what I would consider a low IV. And I'm going to look for low IV trades on Apple.

This is where I might look for uh just a sideways trade.

Now, the IV is not going to be super high on on uh Apple. The IV rank right now is 56, which puts it in the 41st percentile of uh of where it typically would be. So, this is what I would consider a low IV.

And I'm going to look for low IV trades on Apple. So, how do we build that? Let's look at at something that I could build that might be like considered an income stream so to speak.

So if I looked out 52 days and actually that's too long. Let's do on 30-day cycle here. Let's look at September 25th and just sell an at the money or just slightly below the money put. So I would collect 445 for that order.

Now if I went double the time frame, if I went out to 60 days, so let's go to October 16th about 52 days later. What is the cost of buying that 300 put? Well, this cost me $200.

Now, we know from before this calendar spread, so I'm going to have $200 in total risk to the to either side or whatever it is the debit paid. So, I've got a max loss of 274, but I have a max profit of making up to $461.

Now, I don't have to own the stock to do this. I can just buy this position. It's got a probability profit of 40, and we've got break evens around that 314 2.88 at this first expiration, which is September 5th, 31 days away.

Okay, so we could go to the chart and we could take a look at that and say, you know, where is 314 on this on this uh chart? It's relatively here. And then uh where was the option chain on the side or the the break even on the other side is 288.

So we could go down here and we could look at this and say, wow, that's a pretty nice little range.

Basically, as long as the stock stays, let me get my right drawing tool here. Not had this for two weeks. As long as the the stock stays in this range, this this could make up to double my my money.

Uh there's a good good chance that we could see this happen over the next little while. Apple has not had a huge amount of strength coming uh into this year. We saw we saw a large rise up and then earnings pushing that down.

So would be very very easy for me to assume that that's what might happen over the course of the next little while.

These are the type of trades that I love to put on. Now, how do I potentially get some more upside? If I think, oh, Apple's going to have a great year. Um, I want to have uh some long-term um positions in Apple, well, that's where I go to leaps.

I can go out, you know, past the 388 days, this September of next year, and I can just purchase a LEAP, and I can do that above

And I have this nice profit tent. Basically, as long as Apple stays below 29 or above 297, there's potential of this making money. I have this one long call has unlimited upside potential in here.

So, the max profit is unlimited. It's got a 70% probability of making money because if the stock drops down a little bit, then I I've got this nice profit tent. I still have a max loss.

This is a $3,200 trade. And this is why how people can get in trouble. They can overlever their account. They can say, "Wow, I, you know, I bought this and I bought this and I bought this."

And then the whole market goes down and they just lose uh a ton of money on this. But I don't need to buy the shares to get some exposure to the upside. In this case, this can be a very very easy way to do this.

We can we can set this up where I have a calendar which is protecting my long uh put and it's creating basically a a zero theta trade. It's giving me that max profit that's unlimited.

Probability of profit 70% over the next couple of of weeks. Now the IV, if the IV was to increase, if the stock was to drop and the IV increase slightly, this would actually drive my break even down further.

So, uh, if there was a bit of a sell off and an increased IV, which we're we should be very aware of in this market environment, then the expiration P&L could be quite good.

Uh we looked at a potentially bullish trade idea on Apple that is lowrisk.