AAPL Covered Calls Guide

Apple (AAPL) is a popular covered call stock for its stability, liquidity, and consistent premium income.

Why AAPL for Covered Calls?

  • Blue chip stability - Less volatile than growth stocks
  • Excellent liquidity - Tight penny-wide spreads
  • Dividend paying - Extra income
  • Predictable patterns - Product cycles known

    • AAPL Covered Call Analysis

    Stock Price: ~$225-235 (varies)

    | Strike | Days | Premium | Ann. Return | Keep Prob | +3%301.5%18%65% +5%300.9%11%75% | +7% | 30 | 0.5% | 6% | 85% |

    AAPL-Specific Considerations

    Product Launches

  • iPhone typically September
  • WWDC in June
  • IV increases around events

    • Dividend Dates

  • AAPL pays quarterly dividend
  • Ex-dividend affects options pricing
  • Consider assignment risk near ex-date

    • Recommended Strategy

    For conservative income:

  • Sell monthly calls 5-7% OTM
  • Target 0.8-1.2% monthly
  • Accept lower premium for stability