Well-known investor Duan Yongping showed his investment operations: Selling Apple put options – Passionategeekz –

[CNMO Technology News]Well-known investor Duan Yongping recently disclosed his latest investment operations on social platforms. He completed an option transaction with an amount of more than US$1.44 million by selling Apple’s Put Options, which once again attracted market attention. Public information shows that this transaction involves 999 Apple put option contracts with exercise price of US$195 and expired in January 2026, with corresponding option fee income of US$1.8055 million, with an implicit annualized rate of return of approximately 18%.

According to options trading rules, if the Apple stock price is not less than US$195 at expiration, Duan Yongping can earn all the premiums; if the stock price falls below this price, you need to buy the corresponding amount of Apple stocks at US$195 per share. Industry analysts pointed out that this operation is essentially Duan Yongping’s recognition of Apple’s long-term value in the form of options – by setting a “psychological price” of $195, it not only provides a buffer for the potential downward risk, but also reserves the opportunity to increase its holdings at a discounted price.

It is worth noting that Duan Yongping’s option strategy for Apple is in line with his consistent investment philosophy. He once said in public that selling put options is usually applicable when the target company’s stock price is in a “reasonable range”, especially when investors hold idle funds and are willing to hold the underlying stock for a long time. “If you look back ten years later, the current stock price is still attractive, selling put is an effective way to obtain annualized 10%-20% returns at low risk.” But he also emphasized that when the stock price is significantly undervalued, it is necessary to use this strategy carefully to avoid being forced to take over at a “not cheap enough”.

Historical data shows that Duan Yongping’s investment portfolio significantly reduced its holdings in Apple’s underlying stocks in the first quarter of this year, and the turnover to options instruments may reflect its flexible response to market volatility. As of the close of June 17, Apple’s stock price was $198.23, close to its set exercise price.

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