01 — AAPL · WHEEL STRATEGY

Best AAPL wheel strategy setups.

Pick how long you want to wait and how much risk you'll take. We score every live strike across the next 3 expirations and surface the top setups — updated hourly.

Mega-cap liquidity with frequent event-driven volatility around product and earnings cycles.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD
Apple
Technology
AAPL
$344.63+3.5% / 30d
IV rank (1y)
16.8% · low
Next earnings
Nov 2
Market cap
$5.03T
P/E (fwd)
36.1
Dividend
$1.05 · Aug 10
Option vol
143K /day

02 — Live setups

Suggested strikes

Choose your time horizon and risk band. Every match is scored on return, premium, and probability of profit.

Days to expiration
Probability of profit
Sort by
Cash-secured put · first leg of the wheel
$335 put · Dec 4
34 DAYS · 2.8% OTM · SELL TO OPEN
Credit
$797
Return
2.31%
PoP
65%
StrikeExpirationCreditReturn ↓PoP
$335
2.8% OTM
Nov 27
27 days
$710
$7.10 / share
2.06%66%
$330
4.3% OTM
Dec 4
34 days
$620
$6.20 / share
1.8%71%
$330
4.3% OTM
Nov 27
27 days
$550
$5.50 / share
1.6%72%
$130
62.3% OTM
Nov 27
27 days
$8
$0.08 / share
0.02%70%
$135
60.8% OTM
Nov 27
27 days
$4
$0.04 / share
0.01%70%
$110
68.1% OTM
Nov 27
27 days
$0
$0.00 / share
0%70%
$120
65.2% OTM
Nov 27
27 days
$0
$0.00 / share
0%70%
$125
63.7% OTM
Nov 27
27 days
$0
$0.00 / share
0%70%
$140
59.4% OTM
Nov 27
27 days
$0
$0.00 / share
0%70%
10 of 23 matchesCustomize filters →

03 — Strategy

Wheel Strategy, plainly explained

Traders who want to own quality stocks at lower cost basis while generating premium income on both sides.

P&L at expiration · $335 put · 34 DTE

$0+$797losses$327.03 BREAKEVEN$335 STRIKE

Key numbers

Premium collected+$797
Max profit+$797
Breakeven$327.03
Capped above$335
Probability of profit65%
Days to expiration34

When this trade makes sense

Use when

  • ✓You're willing to start by selling cash-secured puts
  • ✓You'd be happy owning the stock if assigned
  • ✓You can hold long-term if assigned at a lower price
  • ✓IV rank is elevated — both legs pay better premium

Avoid when

  • ✕You can't tie up the cash for the put leg
  • ✕You don't want this stock at any price
  • ✕Earnings are inside the expiration window
  • ✕Premiums are unusually low — nothing to collect
Read the full wheel strategy guide →

05 — RUN IT LIVE

See the highest chance of profit on AAPL.

Alpha Hawk scans live chains and recommends setups based on current market conditions.

Analyze AAPL free →