Apollo Global Management (APO) Protective Put Calculator

Calculator · free · no signup · APO

Price a protective put, zero-cost collar, or put spread on Apollo Global Management. Annual cost, max loss, upside cap, tax treatment, auto-filled from current APO option chain.

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About Apollo Global Management

Apollo Global Management (APO) is a public Fintech company, incorporated in Delaware and headquartered in New York, NY.

Last close: $133.85 per share (as of 2026-08-18).

Equity grants at Apollo Global Management typically include restricted stock units (RSUs).

Apollo Global Management, Inc. is an American asset management firm that primarily invests in alternative assets. As of 2025, the company had $840 billion of assets under management, including $392 billion invested in credit, including mezzanine capital, hedge funds, non-performing loans, and collateralized loan obligations, $99 billion invested in private equity, and $46.2 billion invested in real assets, which includes real estate and infrastructure. The company invests money on behalf of pension funds, financial endowments, and sovereign wealth funds, as well as other institutional and individual investors.

Source: Wikipedia (CC BY-SA 4.0)

Leon Black, Josh Harris, and Marc Rowan founded the firm in 1990 out of the wreckage of Drexel Burnham, and it built a reputation in distressed credit before becoming one of the largest alternative asset managers. The 2022 merger with Athene changed the model fundamentally: annuity liabilities supply permanent capital that the credit business invests, so the firm earns a spread as well as fees. Fee-related earnings and spread-related earnings are reported separately because they behave differently. Private credit origination is the engine both halves depend on. Headquarters are in New York.

Sources: sec.gov · en.wikipedia.org

OptionsAhoy is an independent tool and is not affiliated with, endorsed by, or sponsored by Apollo Global Management.

A protective put caps your downside on the APO position at a chosen floor; a zero-cost collar pays for that floor by capping the upside. This calculator prices both structures off the current APO option chain, with annual cost, max loss, and tax-treatment notes.

Example: a 5,000-share APO position at $133.85 is worth $669,250. A 1-year 30%-OTM put on that position typically runs 2-4% of position value per year (about $13,385 to $26,770) before any premium offset from a short call. The calculator prices both structures off APO's current option chain so you see the actual cost for your chosen floor, tenor, and cap.

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Apollo Global Management equity questions

How much does it cost to hedge APO stock?
The cost of a protective put depends on how far below the current price you set the floor, how long the protection lasts, and APO's option-implied volatility. A zero-cost collar lowers that cost by selling away some upside. The calculator above prices both structures off the current APO option chain and shows the annual cost, maximum loss, and tax treatment.
Does Apollo Global Management grant ISOs, NSOs, or RSUs?
Equity compensation at Apollo Global Management typically takes the form of restricted stock units (RSUs). Restricted stock units are taxed as ordinary income when they vest.
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