Handyluo
10-02

Great article, would you like to share it?

@happiness000：
$Apple(AAPL)$ Let's look at AAPL, which is currently ~$227/share. If you bought 100 shares, you'd spent $22,700. If it runs up to $240 a share, you made $1300 in profit. Your max loss is also $22,700 for this trade. If you buy four Jan 2026 $195 strike calls, you'd have a smaller max loss of $20,200 and would make anywhere from ~$4300 to $1500 if it hit $240 a share in the next 200 days. Your payout at a $240 target starts getting worse than the shares after about 220 days, until the calls eventually expire worthless after Jan 16 2026.
$Apple(AAPL)$ Let's look at AAPL, which is currently ~$227/share. If you bought 100 shares, you'd spent $22,700. If it runs up to $240 a share, you made $1300 in profit. Your max loss is also $22,700 for this trade. If you buy four Jan 2026 $195 strike calls, you'd have a smaller max loss of $20,200 and would make anywhere from ~$4300 to $1500 if it hit $240 a share in the next 200 days. Your payout at a $240 target starts getting worse than the shares after about 220 days, until the calls eventually expire worthless after Jan 16 2026.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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