APH Covered Call
Every out-of-the-money APH call expiring Oct 16, 2026, priced from the settled chain: what it pays, what it yields, and where the trade stops making money. The richest right now is the $80.00 strike at 3.4% over 29 days.
Open interest and pricing as of the close on 2026-09-16. Recomputed every morning before the open.
APH covered call candidates — Oct 16, 2026, 29 days out
Strikes are picked by distance from the $77.26 share price, not by delta — the published chain carries premiums and open interest, not greeks, and inventing a delta here would be inventing data. Premium is the bid/ask midpoint where both sides quote, otherwise the last trade. The chain artifact publishes the six nearest expirations, so this is the longest one listed — 29 days out. Annualising anything shorter than a week says more about compounding arithmetic than about the trade, so those cells stay blank.
| Strike | % OTM | Premium | Yield | Annualised | Break-even | If assigned | OI |
|---|---|---|---|---|---|---|---|
| $80.00 | 3.5% | $2.63 | 3.4% | 42.8% | $74.64 | 6.9% | 1,253 |
| $85.00 | 10.0% | $1.18 | 1.5% | 19.1% | $76.09 | 11.5% | 6,441 |
What the $80.00 call pays at expiration
One illustrative strike — the richest premium in the table — against 100 shares bought at $77.26. Profit caps at $536.50 if APH finishes above $80.00; below $74.64 the premium stops covering the loss on the stock.
| Stock at expiration | Profit / loss per share | On 100 shares |
|---|---|---|
| $57.95 | $-16.69 | $-1,669.00 |
| $62.77 | $-11.86 | $-1,186.12 |
| $67.60 | $-7.03 | $-703.25 |
| $72.43 | $-2.20 | $-220.37 |
| $77.26 | +$2.63 | +$262.50 |
| $82.09 | +$5.36 | +$536.50 |
| $86.92 | +$5.36 | +$536.50 |
| $91.75 | +$5.36 | +$536.50 |
| $96.58 | +$5.36 | +$536.50 |
When a covered call fits APH
A covered call sells someone else the right to buy your shares at the strike. It pays you today and caps your upside there, so it suits a holding you are content to own flat and content to sell at the strike — not one you expect to run.
The premium is compensation for implied volatility. Rich implied volatility pays more, and usually pays more because the market expects a move; a high annualised number on a name about to report earnings is a warning as often as an opportunity. Check the APH expected move and the open-interest walls before assuming the strike is far enough away.
Full mechanics, assignment and rolling are in the covered call guide; to model a different strike or a multi-leg version, open the profit calculator with APH loaded.
Questions
- What does a APH covered call pay right now?
- The $80.00 call expiring Oct 16, 2026 (29 days out) collects $2.63 per share, 3.4% of the $77.26 share price, or 42.8% annualised if you repeat it.
- What is the break-even on a APH covered call?
- Selling the $80.00 call against stock bought at $77.26 breaks even at $74.64 — the share price less the premium. Below that the premium no longer covers the loss on the shares.
- What happens if APH closes above the strike?
- The shares are called away at $80.00. Total return is 6.9%: the premium plus the move from $77.26 up to the strike. Gains above the strike belong to the buyer.
More on APH
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Educational, not investment advice. Options involve risk. Open interest is reported with a one-session lag by OCC, so these levels describe positioning as of the last settled session, not live intraday flow.