Apple Inc. (AAPL) commenced trading new options today for the August 17 expiration, featuring a notable put contract at a $300 strike price with a current bid of $4.40. Selling this put would obligate investors to purchase shares at $300, effectively lowering their cost basis to $295.60 based on today’s trading price of $306.47. This represents a 2% discount to the current price, with a 62% chance of the contract expiring worthless, yielding a potential 1.47% return or 38.24% annualized.
On the call side, there is a $310 strike call contract priced at $4.20. If investors buy AAPL shares at $306.47 and sell the call, they commit to selling at $310, achieving a potential total return of 2.52% at expiration. This strike price is approximately 1% above the current trading price, with a 60% likelihood of expiring worthless, resulting in an extra return of 1.37% or 35.73% annualized if kept.
The implied volatility for both contracts stands at 30%, while the trailing 12-month volatility measures 26%, based on the last 250 trading days.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
