{"symbol":"AAPL","name":"Apple Inc.","spot":"309.35","strategy":"csp","strategy_label":"cash-secured puts","rv":"23.5","rv_window":30,"gap_distortion":"1.40","rv_all":"32.9","earnings":"2026-10-29","earnings_days":67,"any_sell":true,"rows":[{"profile":"conservative","band":"0.05–0.15","notes":"~5-15Δ. Assignment is genuinely unlikely; you are paid little for that. Skips anything spanning earnings and demands a real vol premium.","sell":true,"headline":"Best put to sell: see below.","reasons":["Best contract prices vol at 1.17x realized.","87% chance of expiring unassigned (88% probability of profit at 12Δ).","7% annualized on $28,364 of collateral."],"best":{"expiry":"2026-09-18","dte":26,"strike":"285","delta":"-0.12","credit":"1.36","capital":"28,364","static":"0.5","aroc":"7","vay":"0.24","vay_band":"poor","pop":"88","p_otm":"87","iv":"28","iv_rv":"1.17","earnings":false,"contract":"AAPL260918P00285000","breakeven":"283.64","cushion":"7.9"}},{"profile":"moderate","band":"0.15–0.25","notes":"~15-25Δ, 21-60 DTE. Where most premium-selling literature sits: meaningful credit, assignment a real but minority outcome.","sell":true,"headline":"Best put to sell: see below.","reasons":["Best contract prices vol at 1.11x realized.","75% chance of expiring unassigned (80% probability of profit at 23Δ).","14% annualized on $29,210 of collateral."],"best":{"expiry":"2026-09-18","dte":26,"strike":"295","delta":"-0.23","credit":"2.90","capital":"29,210","static":"1.0","aroc":"14","vay":"0.54","vay_band":"good","pop":"80","p_otm":"75","iv":"26","iv_rv":"1.11","earnings":false,"contract":"AAPL260918P00295000","breakeven":"292.10","cushion":"4.6"}},{"profile":"aggressive","band":"0.25–0.40","notes":"~25-40Δ. Roughly one trade in three finishes in the money, so only coherent if you are willing to own the stock (puts) or be called away (calls) and have sized the position for it.","sell":true,"headline":"Best put to sell: see below.","reasons":["Best contract prices vol at 1.08x realized.","62% chance of expiring unassigned (71% probability of profit at 36Δ).","36% annualized on $30,141 of collateral."],"best":{"expiry":"2026-09-04","dte":12,"strike":"305","delta":"-0.36","credit":"3.59","capital":"30,141","static":"1.2","aroc":"36","vay":"1.43","vay_band":"rich","pop":"71","p_otm":"62","iv":"25","iv_rv":"1.08","earnings":false,"contract":"AAPL260904P00305000","breakeven":"301.41","cushion":"1.4"}}],"term":[{"expiry":"09-04","dte":12,"atm_iv":"26","iv_pct":15,"earnings":false,"strike":"300","delta":"-0.24","credit":"2.15","aroc":"22","vay":"0.84","p_otm":"74","iv_rv":"1.11","gamma":"0.066"},{"expiry":"09-11","dte":19,"atm_iv":"26","iv_pct":13,"earnings":false,"strike":"295","delta":"-0.20","credit":"2.11","aroc":"14","vay":"0.52","p_otm":"79","iv_rv":"1.12","gamma":"0.046"},{"expiry":"09-18","dte":26,"atm_iv":"25","iv_pct":0,"earnings":false,"strike":"295","delta":"-0.23","credit":"2.90","aroc":"14","vay":"0.54","p_otm":"75","iv_rv":"1.11","gamma":"0.043"},{"expiry":"09-25","dte":33,"atm_iv":"25","iv_pct":2,"earnings":false,"strike":"295","delta":"-0.24","credit":"3.61","aroc":"14","vay":"0.53","p_otm":"73","iv_rv":"1.10","gamma":"0.041"},{"expiry":"10-02","dte":40,"atm_iv":"25","iv_pct":2,"earnings":false,"strike":"290","delta":"-0.20","credit":"3.19","aroc":"10","vay":"0.39","p_otm":"77","iv_rv":"1.12","gamma":"0.033"},{"expiry":"10-16","dte":54,"atm_iv":"25","iv_pct":1,"earnings":false,"strike":"290","delta":"-0.23","credit":"4.34","aroc":"10","vay":"0.39","p_otm":"74","iv_rv":"1.11","gamma":"0.030"},{"expiry":"11-20","dte":89,"atm_iv":"28","iv_pct":100,"earnings":true,"strike":null,"delta":null,"credit":null,"aroc":null,"vay":null,"p_otm":null,"iv_rv":null,"gamma":null}],"timing":{"window":"weekend","quality":"closed","advice":"Market is closed. Quotes are last week's close.","movement":null,"is_good":false,"clock":"03:25 EDT","streak":"2 consecutive down closes (-2.4%). Reported as context only: streak-based timing showed no measurable effect on the seller's edge (t = 0.02, measured over 33 years of index data)."},"cached":false,"age_minutes":0,"generated":"2026-08-23 07:25 UTC"}