Technology
AAPL
Apple Inc.
Complete guide to selling covered calls and cash secured puts on Apple (AAPL). Learn optimal strikes, timing, and expected returns for steady income.
Monthly Premium1.2-2.0%
Annualized Return14-24%
Stock Price$225-240
IV RankModerate (35-50)
Options LiquidityExcellent
Dividend Yield0.44%
Why AAPL for Covered Calls & Cash Secured Puts?
AAPL is a blue-chip favorite for covered calls due to its stability, excellent liquidity, and consistent premium. The stock rarely makes extreme moves outside of product launches, making it predictable for income strategies. Quarterly dividends add extra income.
Example Covered Call Trade
AAPLCovered Call
Strike Price$240 (5% OTM)
Expiration30 days
Premium$3.50 per share
Return If Flat1.5% ($350)
Return If Called6.5% ($1,520)
Keep Probability70% keep shares
Recommended Strategy for AAPL
Sell conservative covered calls 5-7% OTM for steady monthly income. AAPL works well for the wheel strategy with CSPs at support levels during pullbacks.
Risks to Consider
- Lower premium compared to high-volatility stocks
- Product launch cycles can increase volatility
- Large market cap limits explosive growth
- iPhone sales dependency
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