AAPL Put Credit Spread - Jun 19 Defined Risk

AAPL is liquid enough for a defined-risk bullish premium sale. The short strike is roughly 8.5% below the current stock price, giving a cushion while limiting downside risk. Estimated probability profile: roughly 72-76% POP if live delta is near 20-25.

Current quote snapshot used for this alert: AAPL ~$267.61. This is an educational trade idea, not personalized financial advice.

Underlying: AAPL @ ~$267.61 Expiration: Jun 19, 2026 Structure: Sell 245P / Buy 235P Target entry: collect about $2.10 credit per share, or better.

Probability focus: collect premium below current support zones while keeping the trade small and defined-risk. Skip if earnings or product-event volatility makes the credit too narrow for the risk.

Use limit orders only. Verify live option chain liquidity, bid/ask width, earnings date, and short-strike delta before entering. Skip the setup if the live credit is materially worse than the target or if the short strike is no longer around the intended probability zone.

Take profits at 50% of max profit, near $105 per 1-lot. Defend or exit if the position reaches about 2x credit received, near a $420 loss per 1-lot, or if price closes beyond the short strike with momentum. Avoid holding into expiration week unless actively managing assignment/gamma risk. Re-check earnings and macro-event calendar before entry.