Investors in Apple Inc. (AAPL) gained access to new options today, including a notable put contract at a $295.00 strike price expiring on June 15th, currently bidding at $1.23. Selling this put would allow an investor to buy AAPL shares at an effective cost of $293.77, which represents a 5% discount from its current trading price of $309.72. The probability of the put expiring worthless is estimated at 84%.
Additionally, a call contract at the $315.00 strike, with a current bid of $3.00, offers a potential return of 2.67% if the stock is called away by expiration. The $315.00 strike represents a 2% premium to the current stock price, with a 62% likelihood of expiring worthless. Should it do so, the premium would add a 0.97% return, equivalent to an annualized 25.25%.
Implied volatility for the put contract stands at 26%, and for the call at 24%, while trailing twelve-month volatility is calculated at 22%.
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