AAPL options strategies, priced on the real chain
$308.91Apple Inc. · chain snapshot captured Aug 1, 2026
The most liquid single-name options market in the US. Tight spreads at every strike, weeklies out for months, and a realized vol that spends most of the year in the low-to-mid 20s — which is exactly why Apple is the default covered-call underlying for people who actually hold the shares.
Every page below prices its structure against the August 28, 2026 expiry — 27% at-the-money implied vol, #16 of the 20 underlyings on this site. What moves AAPL: quarterly earnings, September product events, and its dividend cycle.
10 strategies on AAPL
One contract (or one 100-share lot) per structure, at-the-money template strikes on the August 28, 2026expiry. Breakevens and probability of profit come from OptionTracker’s engine.
Start here
- AAPL covered callSell upside on shares you already own and get paid for the cap. · breakeven $303.96 (−1.6%)
- AAPL cash-secured putGet paid to place a limit order below the market. · breakeven $291.2 (−5.7%)
- AAPL iron condorSell a range, buy the wings, collect if the stock stays put. · breakeven $283.53 (−8.2%)
- AAPL bull call spreadBuy a call, sell a higher one — cheaper upside with a ceiling. · breakeven $313.95 (+1.6%)
- AAPL bull put spreadSell a put spread below the market: credit now, defined risk. · breakeven $293.9 (−4.9%)
- AAPL long straddleBuy the call and the put — pay for a move in either direction. · breakeven $286.09 (−7.4%)
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- What a cash-secured put actually paysThe annualized-return column is the one everybody screenshots. It is also the one that tells you least. Here is the whole ladder — return, probability, breakeven, and the loss that takes six winners to repair.
- Covered calls on shares you already ownThe covered-call math you find online divides premium by cost basis. If you bought the stock years ago, that number is a fantasy — and it will talk you into selling a strike you should never have touched.