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Apple Inc (AAPL) stock is up on its massive buyback news - a new $110 billion program announced in its May 2 release of fiscal Q2 earnings ending March 31. This was on top of a 4% dividend hike to $1.00 annually, and $0.25 quarterly.
The annual dividend will cost about $15..337 billion, so combined Apple will be returning over $125 billion to shareholders. These work out to 4.39% of its $2.856 trillion market cap, although that assumes the whole buyback program will take one year. Today AAPL OTM put and call options are cheap - good for long-term investors.
