Apple Stock Near Support, Consider Vontobel Put for 250 Target

Apple shares are currently trading just above the key support level of 261 USD. The next resistance zone sits around 278 USD, a level that could trigger profit‑taking after recent gains.

Given this layout, many traders see an opportunity to position for a short‑term correction. A move back toward the 250 USD area would align with the underlying's recent price pattern and could generate a sizable upside for the right instrument.

One way to capture that potential is by buying the Vontobel SL20V put warrant, currently priced at 1.21 EUR. If Apple slides to the 250 USD target, the warrant could deliver roughly a 60 % return. The theoretical knockout level is set near 292 USD, which caps the maximum loss at about 30 % of the investment.

We continuously monitor the warrant and will update our recommendation if market conditions change. The price targets and knockout levels are provided for information only and may be adjusted as our view evolves.