Apple's Doomed? More Than One Person Thinks So

As I have noted in recent days, you can literally live off covered-call income even if you "only" have a couple hundred shares of AAPL. Even if you do not own the stock, there's income to be made. If you have the cash to support the trade and would not mind getting long AAPL on a pullback, selling puts is almost a no-brainer.

Consider the premium you could collect on several May strikes, as of midday Thursday:

AAPL May $590 put, $11.15

AAPL May $585 put, $9.55

AAPL May $580 put, $8.05

Heck, even down at $565, you're taking in $4.75. That's not bad at all for one month's worth of your time, particularly if you have a hefty bankroll.

Whatever you do, do not allow your emotions to take over. That might seem like an obvious and errant thing to say given what we're living through with AAPL, but, every single day, investors squander relative fortunes thanks to behaviors that effectively overtake them.