AAPL240531C00215000 Option on Apple Inc

AAPL Stock  USD 212.49  1.75  0.82%   
Apple's latest option contracts expiring on 2024-06-21 are carrying combined implied volatility of 28.72 with a put-to-call open interest ratio of 0.91 over 154 outstanding agreements suggesting investors are buying slightly more calls than puts on contracts expiring on 2024-06-21. The current put volume is at 203 K, with calls trading at the volume of 321.4 K. This yields a 0.63 put-to-call volume ratio.

Open Interest Against 2024-06-21 Option Contracts

The chart above shows Apple's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Apple's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Apple's option, there is no secondary market available for investors to trade.

Apple Maximum Pain Price across 2024-06-21 Option Contracts

Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Apple close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthless.
Apple's option chain provides insight into all available option contracts written on Apple's stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Apple's stock options below provides a detailed picture of the payoff. Comparing vital and dynamic information of various option contracts across diverse expiration periods will help you make an educated decision on your market timing strategies around investing in a given Apple option contract.

In The Money vs. Out of Money Option Contracts on Apple

Analyzing Apple's in-the-money options over time can help investors to take a profitable long position in Apple regardless of its overall volatility. This is especially true when Apple's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Apple's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Apple's stock while costing only a fraction of its price.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apple Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.
Please note that buying 'in-the-money' options on Apple lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Apple's value remains static through the expiration date, the investor can sell to close an 'in-the-money' option to avoid a potential loss. However, in-the-money Apple contracts are usually more expensive to enter than their out-of-the-money counterparts. So keep in mind that while the payoffs on an in-the-money trade can be high, the investors could ultimately experience a more consequential loss if Apple Stock moves the wrong way.
At this time, Apple's Stock Based Compensation To Revenue is quite stable compared to the past year.

Apple Inc In The Money Call Balance

When Apple's strike price is surpassing the current stock price, the option contract against Apple Inc stock is said to be in the money. When it comes to buying Apple's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Apple Inc are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.

Apple Current Options Market Mood

Apple's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Apple Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.

Put-to-Call Open Interest

Put-to-Call Volume

Most options investors, including buyers and sellers of Apple's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Apple's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction. Using current Apple's option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.

Rule 16 of the current Apple contract

Base on the Rule 16, the options market is currently suggesting that Apple Inc will have an average daily up or down price movement of about 1.79% per day over the life of the 2024-06-21 option contract. With Apple trading at USD 212.49, that is roughly USD 3.81. If you think that the market is fully incorporating Apple's daily price movement you should consider buying Apple Inc options at the current volatility level of 28.72%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
  
Purchasing Apple options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" Apple calls. Remember, the seller must deliver Apple Inc stock to the call owner when a call is exercised.

Apple Option Chain

When Apple's strike price is surpassing the current stock price, the option contract against Apple Inc stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
Apple's option chain is a display of a range of information that helps investors for ways to trade options on Apple. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Apple. It also shows strike prices and maturity days for a Apple against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone.
DeltaGammaOpen IntExpirationCurrent SpreadLast Price
Call
2024-06-21 CALL at $5.00.99950.0822024-06-21207.1 - 208.0186.82In
Call
2024-06-21 CALL at $10.00.99930.002024-06-21202.1 - 203.0171.61In
Call
2024-06-21 CALL at $15.00.99920.002024-06-21197.1 - 198.0156.73In
Call
2024-06-21 CALL at $20.00.99910.002024-06-21192.1 - 193.0162.22In
Call
2024-06-21 CALL at $25.00.9990.002024-06-21187.1 - 188.0169.65In
Call
2024-06-21 CALL at $30.00.99860.012024-06-21182.1 - 183.05163.92In
Call
2024-06-21 CALL at $35.00.99850.05792024-06-21177.1 - 178.05142.2In
Call
2024-06-21 CALL at $40.00.99850.03432024-06-21172.1 - 173.05150.2In
Call
2024-06-21 CALL at $45.00.99840.002024-06-21167.1 - 168.050.0In
Call
2024-06-21 CALL at $50.00.99132.0E-49992024-06-21162.2 - 163.95155.0In
Call
2024-06-21 CALL at $55.00.99781.0E-410262024-06-21157.15 - 158.05158.71In
Call
2024-06-21 CALL at $60.00.99781.0E-48602024-06-21152.15 - 153.05152.5In
Call
2024-06-21 CALL at $65.00.99781.0E-413662024-06-21147.15 - 148.05148.9In
Call
2024-06-21 CALL at $70.00.99771.0E-48382024-06-21142.15 - 143.05134.95In
Call
2024-06-21 CALL at $75.00.98044.0E-416182024-06-21137.15 - 138.65137.29In
Call
2024-06-21 CALL at $80.00.9971.0E-46012024-06-21132.15 - 133.1133.59In
Call
2024-06-21 CALL at $85.00.98634.0E-48712024-06-21127.15 - 128.1127.23In
Call
2024-06-21 CALL at $90.00.97196.0E-411562024-06-21121.25 - 124.0122.0In
Call
2024-06-21 CALL at $95.00.99512.0E-419952024-06-21117.2 - 118.15101.7In
Call
2024-06-21 CALL at $100.00.99592.0E-453792024-06-21112.25 - 113.05112.02In
Call
2024-06-21 CALL at $105.00.99582.0E-43122024-06-21107.2 - 108.190.1In
Call
2024-06-21 CALL at $110.00.99572.0E-430562024-06-21102.2 - 103.199.0In
Call
2024-06-21 CALL at $115.00.99453.0E-414362024-06-2197.2 - 98.1599.94In
Call
2024-06-21 CALL at $120.00.99553.0E-458642024-06-2192.2 - 93.193.74In
Call
2024-06-21 CALL at $125.00.97739.0E-414622024-06-2187.2 - 88.1587.27In
Call
2024-06-21 CALL at $130.00.9944.0E-438722024-06-2182.2 - 83.1581.6In
Call
2024-06-21 CALL at $135.00.99096.0E-436272024-06-2177.25 - 78.1577.73In
Call
2024-06-21 CALL at $140.00.97280.001328332024-06-2172.25 - 73.1572.3In
Call
2024-06-21 CALL at $145.00.99355.0E-442452024-06-2167.25 - 68.167.0In
Call
2024-06-21 CALL at $150.00.99147.0E-4110152024-06-2162.25 - 63.1562.1In
Call
2024-06-21 CALL at $155.00.96450.00241702024-06-2157.25 - 58.257.59In
Call
2024-06-21 CALL at $160.00.97990.0016121752024-06-2152.25 - 52.8552.45In
Call
2024-06-21 CALL at $165.00.9910.00162852024-06-2147.3 - 48.1547.69In
Call
2024-06-21 CALL at $167.50.95650.003582024-06-2144.75 - 45.745.03In
Call
2024-06-21 CALL at $170.00.98950.0013289052024-06-2142.3 - 43.242.7In
Call
2024-06-21 CALL at $172.50.98640.0017852024-06-2139.75 - 40.741.59In
Call
2024-06-21 CALL at $175.00.94990.0039297442024-06-2137.3 - 38.237.42In
Call
2024-06-21 CALL at $177.50.98830.00181202024-06-2134.8 - 35.735.2In
Call
2024-06-21 CALL at $180.00.96840.0036407102024-06-2132.3 - 33.1532.88In
Call
2024-06-21 CALL at $182.50.99030.001826732024-06-2129.85 - 30.7530.18In
Call
2024-06-21 CALL at $185.00.95290.0054429502024-06-2127.35 - 28.027.37In
Call
2024-06-21 CALL at $187.50.97450.004219392024-06-2124.85 - 25.724.75In
Call
2024-06-21 CALL at $190.00.96370.0059479382024-06-2122.3 - 22.922.84In
Call
2024-06-21 CALL at $192.50.84730.010959012024-06-2119.85 - 21.9520.09In
Call
2024-06-21 CALL at $195.00.95530.0085409652024-06-2117.45 - 18.017.85In
Call
2024-06-21 CALL at $197.50.95910.0096113652024-06-2114.9 - 15.615.3In
Call
2024-06-21 CALL at $200.00.94390.0136550592024-06-2112.85 - 13.012.85In
Call
2024-06-21 CALL at $202.50.91580.0202146182024-06-2110.4 - 10.810.45In
Call
2024-06-21 CALL at $205.00.86060.0303292642024-06-218.1 - 8.358.18In
Call
2024-06-21 CALL at $207.50.77690.0426215652024-06-216.0 - 6.26.07In
Call
2024-06-21 CALL at $210.00.65720.0534450482024-06-214.05 - 4.34.26In
Call
2024-06-21 CALL at $212.50.51580.0598108102024-06-212.7 - 2.772.74Out
Call
2024-06-21 CALL at $215.00.37080.0561318462024-06-211.68 - 1.721.69Out
Call
2024-06-21 CALL at $217.50.24620.0463200592024-06-210.97 - 1.010.98Out
Call
2024-06-21 CALL at $220.00.15980.0341610382024-06-210.55 - 0.590.59Out
Call
2024-06-21 CALL at $222.50.09720.023582952024-06-210.32 - 0.340.33Out
Call
2024-06-21 CALL at $225.00.06320.016420992024-06-210.21 - 0.220.21Out
Call
2024-06-21 CALL at $227.50.04660.011555072024-06-210.14 - 0.160.16Out
Call
2024-06-21 CALL at $230.00.03420.0084296362024-06-210.1 - 0.120.12Out
Call
2024-06-21 CALL at $232.50.02520.006136552024-06-210.08 - 0.090.09Out
Call
2024-06-21 CALL at $235.00.02120.0049172042024-06-210.07 - 0.080.08Out
Call
2024-06-21 CALL at $237.50.01780.00402024-06-210.05 - 0.160.07Out
Call
2024-06-21 CALL at $240.00.01280.0029260232024-06-210.05 - 0.060.05Out
Call
2024-06-21 CALL at $242.50.0120.002602024-06-210.01 - 0.050.05Out
Call
2024-06-21 CALL at $245.00.00950.002219852024-06-210.03 - 0.040.04Out
Call
2024-06-21 CALL at $250.00.00680.001499702024-06-210.01 - 0.060.03Out
Call
2024-06-21 CALL at $255.00.00620.001252062024-06-210.01 - 0.040.03Out
Call
2024-06-21 CALL at $260.00.00418.0E-476572024-06-210.01 - 0.060.02Out
Call
2024-06-21 CALL at $265.00.00387.0E-426062024-06-210.01 - 0.020.02Out
Call
2024-06-21 CALL at $270.00.0024.0E-498622024-06-210.0 - 0.010.01Out
Call
2024-06-21 CALL at $275.00.00193.0E-430492024-06-210.0 - 0.010.01Out
Call
2024-06-21 CALL at $280.00.00325.0E-495582024-06-210.0 - 0.020.02Out
Call
2024-06-21 CALL at $285.00.00173.0E-474792024-06-210.0 - 0.010.01Out
Call
2024-06-21 CALL at $290.00.00162.0E-458242024-06-210.0 - 0.010.01Out
Call
2024-06-21 CALL at $300.00.00152.0E-4103592024-06-210.0 - 0.010.01Out
Call
2024-06-21 CALL at $310.00.00142.0E-426722024-06-210.0 - 0.010.01Out
Call
2024-06-21 CALL at $320.00.00132.0E-4182242024-06-210.0 - 0.010.01Out
 Put
2024-06-21 PUT at $5.0-1.0E-40.0212024-06-210.0 - 0.010.01Out
 Put
2024-06-21 PUT at $10.0-2.0E-40.002024-06-210.0 - 0.010.01Out
 Put
2024-06-21 PUT at $125.0-9.0E-41.0E-485222024-06-210.0 - 0.010.01Out
 Put
2024-06-21 PUT at $130.0-0.0011.0E-4174922024-06-210.0 - 0.010.01Out
 Put
2024-06-21 PUT at $135.0-0.00111.0E-4136822024-06-210.0 - 0.010.01Out
 Put
2024-06-21 PUT at $140.0-0.00121.0E-4307422024-06-210.0 - 0.010.01Out
 Put
2024-06-21 PUT at $150.0-0.00142.0E-4369082024-06-210.0 - 0.010.01Out
 Put
2024-06-21 PUT at $155.0-0.00152.0E-4245562024-06-210.0 - 0.010.01Out
 Put
2024-06-21 PUT at $160.0-0.00163.0E-4443522024-06-210.0 - 0.010.01Out
 Put
2024-06-21 PUT at $165.0-0.00325.0E-4261702024-06-210.01 - 0.030.02Out
 Put
2024-06-21 PUT at $167.5-0.00193.0E-412412024-06-210.01 - 0.030.01Out
 Put
2024-06-21 PUT at $170.0-0.0024.0E-4547742024-06-210.01 - 0.030.01Out
 Put
2024-06-21 PUT at $172.5-0.00214.0E-454332024-06-210.01 - 0.040.01Out
 Put
2024-06-21 PUT at $175.0-0.0047.0E-4486772024-06-210.02 - 0.030.02Out
 Put
2024-06-21 PUT at $177.5-0.00438.0E-453322024-06-210.0 - 0.050.02Out
 Put
2024-06-21 PUT at $180.0-0.00790.0015661852024-06-210.03 - 0.040.04Out
 Put
2024-06-21 PUT at $182.5-0.00680.001471892024-06-210.03 - 0.040.03Out
 Put
2024-06-21 PUT at $185.0-0.00920.0019289202024-06-210.04 - 0.060.04Out
 Put
2024-06-21 PUT at $187.5-0.01190.0026143322024-06-210.04 - 0.060.05Out
 Put
2024-06-21 PUT at $190.0-0.0130.0031431552024-06-210.05 - 0.070.05Out
 Put
2024-06-21 PUT at $192.5-0.01850.0044103222024-06-210.07 - 0.080.07Out
 Put
2024-06-21 PUT at $195.0-0.02670.0064241232024-06-210.09 - 0.10.1Out
 Put
2024-06-21 PUT at $197.5-0.03430.0087169762024-06-210.12 - 0.130.12Out
 Put
2024-06-21 PUT at $200.0-0.050.0129416292024-06-210.17 - 0.180.17Out
 Put
2024-06-21 PUT at $202.5-0.07620.0195261362024-06-210.25 - 0.260.27Out
 Put
2024-06-21 PUT at $205.0-0.12960.0302251752024-06-210.43 - 0.480.46Out
 Put
2024-06-21 PUT at $207.5-0.21320.0437152902024-06-210.81 - 0.850.82Out
 Put
2024-06-21 PUT at $210.0-0.33810.0557264482024-06-211.47 - 1.521.5Out
 Put
2024-06-21 PUT at $212.5-0.48660.062105082024-06-212.51 - 2.562.51In
 Put
2024-06-21 PUT at $215.0-0.6390.0586137732024-06-213.85 - 4.03.94In
 Put
2024-06-21 PUT at $217.5-0.7530.045842452024-06-215.7 - 6.05.9In
 Put
2024-06-21 PUT at $220.0-0.84150.033958492024-06-217.55 - 8.08.0In
 Put
2024-06-21 PUT at $222.5-0.86390.02539102024-06-219.7 - 10.610.5In
 Put
2024-06-21 PUT at $225.0-0.95880.012620672024-06-2112.2 - 12.9513.5In
 Put
2024-06-21 PUT at $227.5-0.98240.006922024-06-2114.55 - 15.515.9In
 Put
2024-06-21 PUT at $230.0-0.96060.0092442024-06-2117.0 - 17.917.6In
 Put
2024-06-21 PUT at $232.5-0.92460.01172024-06-2119.5 - 20.3521.03In
 Put
2024-06-21 PUT at $235.0-0.91930.010182024-06-2122.0 - 22.9523.02In
 Put
2024-06-21 PUT at $237.5-0.9290.008702024-06-2124.5 - 25.40.0In
 Put
2024-06-21 PUT at $240.0-0.93290.007812024-06-2127.0 - 27.927.25In
 Put
2024-06-21 PUT at $242.5-0.93630.00702024-06-2129.5 - 30.40.0In
 Put
2024-06-21 PUT at $245.0-0.96010.005102024-06-2132.0 - 32.9532.7In
 Put
2024-06-21 PUT at $250.0-0.94020.0056112024-06-2137.0 - 37.9537.0In
 Put
2024-06-21 PUT at $255.0-0.94440.004802024-06-2142.0 - 42.9559.82In
 Put
2024-06-21 PUT at $260.0-0.94780.004202024-06-2147.0 - 47.9583.38In
 Put
2024-06-21 PUT at $265.0-0.95070.003802024-06-2152.0 - 52.9549.12In
 Put
2024-06-21 PUT at $270.0-0.95320.003402024-06-2157.0 - 57.9556.54In
 Put
2024-06-21 PUT at $275.0-0.95530.003102024-06-2162.0 - 62.9558.6In
 Put
2024-06-21 PUT at $280.0-0.95720.002802024-06-2167.0 - 67.9562.47In
 Put
2024-06-21 PUT at $285.0-0.95880.002602024-06-2172.0 - 72.9567.21In
 Put
2024-06-21 PUT at $290.0-0.96020.002402024-06-2177.0 - 77.9573.5In
 Put
2024-06-21 PUT at $300.0-0.97140.001812024-06-2187.0 - 87.9587.8In
 Put
2024-06-21 PUT at $310.0-0.9650.001902024-06-2197.0 - 97.9596.27In
 Put
2024-06-21 PUT at $320.0-0.96660.001702024-06-21107.0 - 107.95106.65In

Apple Total Stockholder Equity

Total Stockholder Equity

40.21 Billion

At this time, Apple's Total Stockholder Equity is quite stable compared to the past year.

Apple Corporate Executives

Elected by the shareholders, the Apple's board of directors comprises two types of representatives: Apple inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Apple. The board's role is to monitor Apple's management team and ensure that shareholders' interests are well served. Apple's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Apple's outside directors are responsible for providing unbiased perspectives on the board's policies.
Luca MaestriCFO and Sr. VPProfile

Additional Information and Resources on Investing in Apple Stock

When determining whether Apple Inc is a strong investment it is important to analyze Apple's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Apple's future performance. For an informed investment choice regarding Apple Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apple Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.
You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Is Technology Hardware, Storage & Peripherals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Apple. If investors know Apple will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Apple listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.007
Dividend Share
0.96
Earnings Share
6.44
Revenue Per Share
24.537
Quarterly Revenue Growth
(0.04)
The market value of Apple Inc is measured differently than its book value, which is the value of Apple that is recorded on the company's balance sheet. Investors also form their own opinion of Apple's value that differs from its market value or its book value, called intrinsic value, which is Apple's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Apple's market value can be influenced by many factors that don't directly affect Apple's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Apple's value and its price as these two are different measures arrived at by different means. Investors typically determine if Apple is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Apple's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.