New options available for Apple with potential discounts and premium returns

From Nasdaq: 2024-07-03 12:17:43

Investors in Apple Inc (AAPL) now have new options available for the August 23rd expiration. A put contract at the $215.00 strike price has a current bid of $3.50, offering a 2% discount to the current stock price. The call contract at the $230.00 strike price has a bid of $4.45.

If an investor sells-to-open the put contract at $215.00, they can purchase the stock at a lower cost basis of $211.50. The current odds of the put contract expiring worthless are 67%. For the call contract at $230.00, sellers can commit to selling the stock at a higher price, with a potential 6.95% return if called away.

The $230.00 call represents a 5% premium to the current stock price. The covered call strategy could result in a 2.03% boost to the investor if the contract expires worthless. The implied volatility in the put contract is 23%, while the call contract has 24% implied volatility.

Stock Options Channel will continue to track the odds of put and call contracts expiring worthless. Visit their website for more options contract ideas and analysis.

The views and opinions expressed are those of the author and do not necessarily reflect those of Nasdaq, Inc.



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