Apple Inc. (AAPL) trades at $342.88—a level many long-term bulls find expensive for outright purchase. Options strategies offer ways to build exposure with less capital and explicit downside limits.
Selling out-of-the-money puts lets you collect premium upfront. If AAPL stays above your strike at expiration, you pocket the premium. If it drops below, you're assigned shares at a lower effective price than today's level—a forced accumulation at a discount.
A bullish call spread—buying an in-the-money call and selling an out-of-the-money call—caps both cost and max profit. You pay less upfront than a naked call and define your risk-reward in advance, ideal for investors who think Apple will move higher but want a specific profit ceiling.
Both strategies let you stake a bullish position without committing full equity capital. Choose the put sale if you welcome owning shares at a lower price; pick the spread if you want to cap gains and reduce dollars at risk.
