Air Products & Chemicals Inc
Air Products & Chemicals Inc (APD) Covered Calls
Air Products & Chemicals Inc trades in the Specialty Chemicals industry with an IV Rank of 1.19%, low versus the past year. APD's highest covered call setup is the $450.00 strike expiring Mar 19, 2027, sorted by theoretical annualized return. It's 42.17% out of the money with 126 days to expiration, a 42.20% return until expiration, and a 122.24% theoretical annualized return. Across the setups shown, annualized returns run from 50.51% to 122.24% at strikes between $320.00 and $450.00, with 7 to 216 days to expiration, as of Nov 13, 2026.
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Running APD covered calls helps you generate income from Air Products & Chemicals Inc shares you already own, turning a long stock position into a yield producing asset. A covered call means holding the underlying stock and selling a call option against it, collecting premium in exchange for capping upside at the strike. Use our scanner to find the best APD covered calls in real time and filter for the strikes, expiries, and premiums that fit your strategy.
A covered call pairs limited risk with a clear income profile. If APD stays below the strike at expiration, you keep the premium and the shares. If it rises above, you deliver the stock at the strike and still pocket the premium. Selling APD covered calls works best when implied volatility is elevated, since richer premiums improve the risk reward. Key inputs include strike selection relative to delta, days to expiration, annualized return, and probability of assignment, all of which determine whether a given APD covered call is worth writing.
Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas; specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals.
| 2027-03-19 | 126 | 450.00 | 42.17 | 0.10 | 1.00 | 13357.00 | 42.20 | 122.24 | -0.03 | +0.03 | 24 | 0.90 |
| 2026-11-20 | 7 | 320.00 | 1.10 | 1.65 | 2.95 | 512.00 | 1.62 | 84.34 | -0.52 | +0.37 | 740 | 1.30 |
| 2026-12-18 | 35 | 340.00 | 7.41 | 1.10 | 1.75 | 2457.00 | 7.76 | 80.95 | -0.35 | +0.15 | 2,651 | 0.65 |
| 2027-01-15 | 63 | 360.00 | 13.73 | 0.10 | 3.90 | 4357.00 | 13.76 | 79.75 | -0.03 | +0.13 | 36 | 3.80 |
| 2027-01-15 | 63 | 350.00 | 10.57 | 1.40 | 2.15 | 3487.00 | 11.02 | 63.82 | -0.44 | +0.14 | 118 | 0.75 |
| 2027-06-17 | 216 | 430.00 | 35.85 | 0.15 | 3.90 | 11362.00 | 35.90 | 60.66 | -0.05 | +0.08 | 5 | 3.75 |
| 2027-03-19 | 126 | 380.00 | 20.05 | 1.10 | 4.50 | 6457.00 | 20.40 | 59.09 | -0.35 | +0.13 | 8 | 3.40 |
| 2027-06-17 | 216 | 420.00 | 32.69 | 0.90 | 4.10 | 10437.00 | 32.97 | 55.72 | -0.28 | +0.10 | 24 | 3.20 |
| 2026-12-18 | 35 | 330.00 | 4.26 | 2.95 | 4.10 | 1642.00 | 5.19 | 54.10 | -0.93 | +0.29 | 456 | 1.15 |
| 2027-06-17 | 216 | 410.00 | 29.53 | 1.15 | 3.90 | 9462.00 | 29.89 | 50.51 | -0.36 | +0.10 | 6 | 2.75 |
As of Nov 13, 2026
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- IndustrySpecialty Chemicals
- SectorBasic Materials
- IV Rank1.19% Low
- Market cap (M$)70,487
- 52 weeks high-2.31%
- 52 weeks low38.16%
- Analyst recommendationBuy
1.71 - Target price$350.05
10.59% above the current stock price - Dividend—
- Payout ratio302.45%
- Earnings date2027-01-29
- P/E132.82
- Future P/E20.40
- EPS (ttm)2.38
- EPS growth next 5 years8.29%
As of Nov 13, 2026