Investors in Apple Inc. (AAPL) can now trade new options with a June 10 expiration. Key highlights include a put contract with a $265.00 strike price, currently at a bid of $0.10, allowing investors to purchase shares effectively at $264.90, a 15% discount from the current trading price of $311.51. The likelihood of this contract expiring worthless is estimated at 97%.
Additionally, a call contract at the $315.00 strike price is available with a bid of $3.25. Investors selling this covered call would achieve a potential total return of 2.16% if exercised. The odds of this contract expiring worthless are about 61%, which could result in a 1.04% additional return, or 25.39% annualized. The implied volatilities are 43% for the put and 22% for the call, while actual trailing volatility stands at 22%.
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