Financial giants have recently made a notable bearish move concerning Apple. A deep dive into the options history for Apple (NASDAQ:AAPL) exposed 68 unconventional trades.
Among these trades, we observed a split of 36% bullish and 41% bearish inclinations. Notable figures include 13 put options valued at $1,230,050 and 55 call options valued at $3,957,417.
Examining Projected Price Targets
Upon analyzing the trading volumes and Open Interest, it becomes apparent that significant market players are honing in on a price range between $165.0 and $240.0 for Apple over the past three months.
Evaluating Volume & Open Interest Development
Scrutinizing the volume and open interest yields crucial insights into stock research, aiding in the assessment of liquidity and interest levels for Apple’s options within a strike price range of $165.0 to $240.0 over the last month.
Reviewing Apple Call and Put Volume: 30-Day Overview
Highlighting Noteworthy 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 |
| 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 |
Insight into Apple as a Company
Apple stands as one of the premier companies globally, boasting a diverse range of hardware and software products catering to both consumers and businesses. While the iPhone remains Apple’s flagship product, other offerings such as the Mac, iPad, and Watch revolve around the iPhone within a cohesive software ecosystem. Apple continues to innovate by introducing new applications like streaming video, subscription bundles, and enhanced reality experiences. The company designs its software and semiconductors and collaborates with partners like Foxconn and TSMC for manufacturing. Approximately half of Apple’s sales originate from its flagship stores, with the majority occurring through indirect channels like partnerships and distribution networks.
Following a comprehensive examination of options trading relating to Apple, we transition to delve deeper into the company’s overall market standing and performance.
Current State of Apple
- With a trading volume of 35,417,754, AAPL’s price has dipped by -0.16% to $222.41.
- RSI indicators suggest the stock is presently in a neutral zone, oscillating between overbought and oversold conditions.
- The next earnings release is scheduled in 48 days.
Expert Analysis on Apple
Over the past 30 days, a total of 5 professional analysts have expressed their views on Apple, with an average price target of $274.4.
- A Strong Buy rating has been maintained by an analyst from Tigress Financial, holding firm with a target price of $295.
- JP Morgan’s analyst continues to uphold an Overweight stance on Apple, with a steady target price of $265.
- B of A Securities’ analyst maintains a Buy rating on Apple with a target price of $256.
- An analyst from Wedbush remains positive with an Outperform rating and a target price of $300.
- Another analyst from B of A Securities reaffirms their Buy rating on Apple, setting a price target at $256.
Trading options involves inherent risks but also provides an avenue for potentially higher returns. Seasoned traders manage these risks through ongoing learning, strategic adjustments in trades, leveraging various indicators, and staying abreast of market trends. Stay updated on the latest options activities tied to Apple with real-time alerts from Benzinga Pro.