Apple is at 164.75 today and you think apple will stay between 160 ad 170 until Aug opt expires. ( 17 days to go ) So you want to find sme options strategies to profit from it. Two low risk/high award options stategy that fits in will be Iron Condor and Call Calendar Spread. Both has simliar risk profile at exp date but look inside the greeks, they are quite diferent. Iron Condor is a short vega and long theta, near delta neutral ( a little more negative ) position while call calendar Spread is long vega ad long theta and near delta neutral ( a little more positive ) position. What this means is that both positios profit from time decay. but Iron Condor will lose money if IV jumps before exp while Call Calendar will gain if IV jumps. If you plan to hold your position until the exp. date, the different won't matter. But if you change your mind before exp. date. it matters a lot. You might get all those data easily by checking the full risk profile in the Options Lab at http://www.TheOptionsLab.com Here is a quick start, 1. Login, then enter 'aapl', click on Update 2. Select 'Long Iron Condor', watch carefull the Totals Vega and Theta, adjust Days and Volatlity to see how they change. 3. The Select 'Call calendar Spread', watch carefull the Totals Vega and Theta, adjust Days and Volatlity to see how they change. Stay tune !