Whales with a lot of money to spend have taken a noticeably bullish stance on Apple.
Looking at options history for Apple AAPL we detected 58 trades.
If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 32% with bearish.
From the overall spotted trades, 23 are puts, for a total amount of $1,254,311 and 35, calls, for a total amount of $2,295,201.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $160.0 to $280.0 for Apple over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Apple's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Apple's whale trades within a strike price range from $160.0 to $280.0 in the last 30 days.
Apple Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AAPL | CALL | TRADE | BULLISH | 01/15/27 | $43.1 | $42.7 | $43.1 | $250.00 | $258.6K | 1.0K | 63 |
| AAPL | CALL | SWEEP | BULLISH | 02/21/25 | $5.3 | $5.25 | $5.28 | $260.00 | $237.7K | 8.1K | 4.0K |
| AAPL | CALL | SWEEP | NEUTRAL | 12/18/26 | $42.4 | $42.0 | $42.4 | $250.00 | $212.0K | 12.0K | 75 |
| AAPL | CALL | TRADE | NEUTRAL | 01/17/25 | $89.45 | $89.15 | $89.28 | $160.00 | $178.5K | 8.6K | 20 |
| AAPL | CALL | SWEEP | BULLISH | 12/13/24 | $3.3 | $3.25 | $3.3 | $245.00 | $164.9K | 13.8K | 7.3K |
About Apple
Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone makes up a majority of the firm sales, and Apple's other products like Mac, iPad, and Watch are designed around the iPhone as the focal point of an expansive software ecosystem. Apple has progressively worked to add new applications, like streaming video, subscription bundles, and augmented reality. The firm designs its own software and semiconductors while working with subcontractors like Foxconn and TSMC to build its products and chips. Slightly less than half of Apple's sales come directly through its flagship stores, with a majority of sales coming indirectly through partnerships and distribution.
In light of the recent options history for Apple, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Apple
- Currently trading with a volume of 17,973,754, the AAPL's price is up by 0.79%, now at $248.44.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 49 days.
Expert Opinions on Apple
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $277.6666666666667.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Morgan Stanley downgraded its action to Overweight with a price target of $273. * Reflecting concerns, an analyst from Wedbush lowers its rating to Outperform with a new price target of $300. * Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $260.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Apple with Benzinga Pro for real-time alerts.
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