For those of you who don't know it, Apple split its stock 7-1 this week. For call sellers, this is a massive opportunity. For people or organizations that had 14 shares of stock, they now have the opportunity to start selling call options for income. To have another revenue stream basically given to you is exactly what Apple has just given you as a shareholder.
For that matter, if someone owns 2 shares of stock, they may be able to participate in selling the mini options for Apple now. To this end, I do not know if Apple will still be able to participate in mini options given the price is below $100 per share. So check first.
Three cheers to wealth building through using covered calls!
As always, do your own due diligence! This is just information and opinions and does not constitute a buy or sell recommendation for any security.
