Exploring July 12th Options for AAPL
Today marked the commencement of new options becoming available for Apple Inc (Symbol: AAPL) investors, with the expiration set for July 12th. The options chain for AAPL was scoured using our YieldBoost formula at Stock Options Channel, revealing a put and call contract that have piqued particular interest.
Opportunities for Put Contract
The put contract at the $170.00 strike price is currently bid at 25 cents. Selling-to-open this put contract entails committing to purchasing the stock at $170.00, while also receiving the premium, reducing the cost basis to $169.75 per share (before broker commissions). For investors eyeing AAPL shares, this presents an intriguing alternative to the current $191.79/share price.
This $170.00 strike represents an approximately 11% discount to the current stock price, suggesting that the put contract may expire valueless. Current data indicate a 95% likelihood of such a scenario. Stock Options Channel will continuously monitor these odds and publish the updates, providing a comprehensive analysis for investors.
Insights on Call Contract
On the other end of the option chain, the call contract at the $215.00 strike price has a bid of 36 cents. A covered call strategy involves purchasing AAPL shares at $191.79/share and selling-to-open the $215.00 call contract, committing to sell the stock at said price. This would yield a total return of 12.29% if the stock is called away at the July 12th expiration.
Considering that the $215.00 strike is roughly 12% above the current stock price, there is a possibility of the call contract expiring worthless, but with an 87% probability of this occurring based on current analytics. Stock Options Channel will keep a close eye on these developments, providing insights and charting the historical performance of the contract.
Key Metrics and Insights
The implied volatility stands at 24% for the put contract and 22% for the call contract. Actual trailing twelve-month volatility, considering the last 251 trading days, amounts to 20%. Further options contract ideas and analyses can be explored on StockOptionsChannel.com.
Investors stepping into the realm of options trading for AAPL on July 12th have a premium opportunity to delve into different strategies, adding depth and diversity to their investment portfolios.