From Nasdaq:

Stock Options Channel has highlighted an interesting put contract and call contract for Apple Inc. The January 2026 put contract, with a $105 strike has a bid of $1.60. The yield is 0.8% and trumps the company’s 0.5% annualized dividend.

There is further downside with buying AAPL shares to collect dividends, as the stock would have to lose 44.15% to get to the $105 strike price.

On the flipside, AAPL shareholders could benefit from a call contract for the January 2026 expiration. The covered call at the $220 strike, with a $16.65 bid, yields an additional 4.6%, boosting the annualized return to 5.1%.

The S&P 500 put:call ratio of 0.56 represents high call volume relative to puts, showing a preference for calls in options trading so far today.



Read more: Interesting January 2026 Stock Options for AAPL