Deciphering the Options Market Moves on Apple
Financial behemoths have taken a notable bearish stance on Apple. An analysis of Apple’s options history has unveiled 68 uncommon trades.
Upon delving into the specifics, it was uncovered that 36% of traders exhibited bullish sentiments, while 41% leaned towards the bearish side. Out of all the trades identified, 13 were puts amounting to $1,230,050, and 55 were calls valued at $3,957,417.
Projections for Apple’s Future Price
Assessing the trading volumes and open interest has shed light on the fact that major market players are honing in on a price range of $165.0 to $240.0 for Apple over the last three months.
Trends in Volume & Open Interest
Scrutinizing the volume and open interest yields vital insights into stock analysis. This data is crucial for gauging liquidity and interest levels for Apple’s options at specific strike prices. Below, we offer a glimpse into the trends in volume and open interest for calls and puts within the strike price range of $165.0 to $240.0 for Apple’s significant trades over the past month.
An Overview of Apple’s Call and Put Volume in the Last 30 Days
Highlighted Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AAPL | PUT | SWEEP | BEARISH | 09/20/24 | $3.7 | $3.6 | $3.7 | $225.00 | $665.8K | 22.1K | 2.9K |
Insight Into Apple
Apple stands as one of the premier companies globally, boasting a diverse range of hardware and software products targeting both consumers and businesses. The flagship iPhone constitutes a significant portion of the company’s revenue, with other offerings such as the Mac, iPad, and Apple Watch orbiting around the iPhone within an extensive software environment. Apple continues to expand its horizons by introducing new features like streaming services, subscription bundles, and augmented reality. The company develops its software and chipsets in-house while collaborating with partners like Foxconn and TSMC for manufacturing its products. Although nearly half of Apple’s sales emanate from its flagship retail stores, a substantial portion is generated indirectly through partnerships and distribution channels.
Having scrutinized the options trading landscape surrounding Apple, let’s now delve deeper into the company itself, examining its current market position and performance.
Current Status of Apple
- With a trading volume of 35,417,754, AAPL is experiencing a slight decline of -0.16% at $222.41.
- RSI indicators suggest that the underlying stock is presently hovering in a neutral zone between overbought and oversold conditions.
- The next earnings announcement is slated for release in 48 days.
Expert Opinions on Apple
A total of 5 expert analysts have weighed in on Apple’s stock within the past month, establishing an average price target of $274.4.
- A market analyst from Tigress Financial stands firm with a Strong Buy rating on Apple, maintaining a target price of $295.
Trading options presents heightened risks along with the potential for increased rewards. Astute traders manage these risks through continuous learning, strategic trade adjustments, the use of diverse indicators, and staying abreast of market dynamics. Stay updated on the latest options trades for Apple with Benzinga Pro for real-time alerts.