Apollo Put Write: Collect Premium Before Earnings Drama Unfolds
APO trades at 108.15. Stock faces securities fraud lawsuit deadline on May 1. Apollo president calls credit markets off track.
Here is the put write: SELL -1 APO 01 May 26 101.0 PUT Contract @3.04 LMT
Trade expires one day before earnings on 2026-04-30. IV sits at 46.73. Delta -0.29. Theta -0.13. Max return 3.01%.
Stock closes above 101 on expiration. Keep the 3.04 premium.
Stock closes below 101 on expiration. Keep premium. Get assigned 100 shares at 101. Cost basis 97.96.
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