One trade placed today as outlined in the morning Investing Strategy Notes for today.
Next earnings are July 25. The company beat revenue and earnings estimates for their latest earnings released on April 28.
Dividend is now at $0.92 annually.
The Put Options Selling Tool Analysis shows the stock is in a sideways trend Put Selling rank is at zero which is the lowest it can rate and indicates the verdict is still negative for the stock.
The $145 put strike is too low for the Put Options Selling Tool Analysis to rate. The $150 valuation is rated at 97%. TI assume the $145 is at 100% which is the highest rating available for selling put options.
Trade Summary:
Equity: Apple Stock (AAPL)
Approx Stock Price At Entry: $159.00
Expiry: May 13 2022
Potential Profit: $930.00
Potential Return: 7.2%
Trade Details:
Short Puts: Sold 10 put contracts for May 13 2022 expiry at the $145.00 put strike for $1.06 = $1,060.00
Long Puts: Bought 10 put contracts for May 13 2022 expiry at the $132.00 put strike for $0.13 = ($130.00)
Spread Details: This forms a $13.00 credit put spread returning 7.2% earning $930.00 if held to expiry on May 13 2022
Buy To Close Early Offer: I am offering $0.47 to start and will reduce that amount as the trade moves toward expiry on May 13 2022
Trade Stats:
Approx Stock Price: $159.00
Approx Percent Of Protection: 8.8%
Stock Would Have To Fall To Reach Short Put: $14.00
Credit Put Spread Size: $13.00
Capital In Use: $13,000.00
Potential Profit If Held To Expiry: $930.00
Potential Return If Held To Expiry: 7.2%
Click here to review the latest Put Options Selling Tool analysis for Apple Stock.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.