Financial behemoths have taken a bold stance against Apple. A deep dive into Apple’s options history exposed 68 peculiar trades.
Upon closer inspection, it emerged that 36% of traders exhibited bullish behavior, while 41% leaned towards bearish sentiments. Among the identified trades, 13 were puts, valued at $1,230,050, and 55 were calls, amounting to $3,957,417.
Decoding Price Projections
Scrutinizing the trading volumes and Open Interest, it is clear that major market players are eyeing a price range of $165.0 to $240.0 for Apple over the past three months.
Insights from Volume & Open Interest Trends
Analysis of volume and open interest offers critical insights into stock research. This data is pivotal in assessing liquidity and interest levels for Apple’s options at specific strike prices. Here is a snapshot of volume and open interest patterns for calls and puts within the $165.0 to $240.0 strike price range over the past month.
An In-Depth Look at Apple’s Call and Put Volume
Key Options Activities to Note
| 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 |
| AAPL | CALL | SWEEP | BEARISH | 09/20/24 | $2.46 | $2.44 | $2.44 | $225.00 | $504.5K | 42.7K | 21.8K |
| AAPL | CALL | TRADE | BULLISH | 01/17/25 | $39.25 | $39.1 | $39.25 | $190.00 | $196.2K | 57.8K | 64 |
| AAPL | CALL | SWEEP | BULLISH | 01/17/25 | $23.15 | $22.95 | $23.15 | $210.00 | $166.6K | 25.0K | 185 |
| AAPL | CALL | TRADE | BULLISH | 09/20/24 | $4.6 | $4.55 | $4.6 | $220.00 | $106.7K | 58.8K | 5.6K |
Insights into Apple
Apple stands as one of the globe’s largest companies, showcasing a diverse array of hardware and software products aimed at both consumers and enterprises. Apple’s iPhone serves as the cornerstone of its sales, with additional products like Mac, iPad, and Apple Watch revolving around the iPhone within an extensive software ecosystem. Apple continues to innovate by introducing new offerings such as streaming services, subscription bundles, and augmented reality. The company develops its own software and semiconductors, collaborating with partners like Foxconn and TSMC for manufacturing. While Apple generates nearly half its revenue through flagship stores, the majority of sales occur through various partnerships and distribution channels.
Following an in-depth exploration of Apple’s options market dynamics, let’s shift focus towards a detailed evaluation of the company, including its current market standing and operational performance.
Apple’s Current Position
- With a trading volume of 35,417,754, AAPL is experiencing a 0.16% decline, settling at $222.41.
- RSI indicators suggest that the stock currently hovers in a neutral zone, balancing between overbought and oversold conditions.
- The upcoming earnings announcement is slated for 48 days from now.
Expert Opinions on Apple
A collective 5 professional analysts have shared their insights on Apple within the last 30 days, with an average price target of $274.4.
- A financial analyst from Tigress Financial advocates a Strong Buy position on Apple, maintaining a price target of $295.
- Similarly, a JP Morgan analyst reiterates an Overweight rating on Apple, with a target price of $265.
- Consistent with their appraisal, an analyst from B of A Securities upholds a Buy rating on Apple, with a target price of $256.
- Remaining firm in their evaluation, a Wedbush analyst maintains an Outperform rating on Apple, targeting a price of $300.
- Furthermore, a B of A Securities analyst stands by their Buy rating on Apple, with a price target currently at $256.
Trading options presents amplified risks yet offers prospects of higher returns. Astute traders navigate these risks through continuous learning, strategic trade adjustments, leverage of diverse indicators, and vigilance towards market dynamics. Stay informed on the latest Apple options trading trends using Benzinga Pro for real-time alerts.