Apple Unusual Options Activity For April 01

Whales with a lot of money to spend have taken a noticeably bearish stance on Apple.

Looking at options history for Apple AAPL we detected 25 trades.

If we consider the specifics of each trade, it is accurate to state that 32% of the investors opened trades with bullish expectations and 64% with bearish.

From the overall spotted trades, 9 are puts, for a total amount of $321,991 and 16, calls, for a total amount of $671,728.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $95.0 to $280.0 for Apple over the recent three months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Apple options trades today is 10187.38 with a total volume of 137,005.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Apple's big money trades within a strike price range of $95.0 to $280.0 over the last 30 days.

Apple 30-Day Option Volume & Interest Snapshot

Noteworthy Options Activity:

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.

Having examined the options trading patterns of Apple, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of Apple

• With a trading volume of 9,643,946, the price of AAPL is down by -0.24%, reaching $221.59.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 30 days from now.

Expert Opinions on Apple

In the last month, 4 experts released ratings on this stock with an average target price of $294.25.

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 Wedbush downgraded its action to Outperform with a price target of $325. * In a cautious move, an analyst from Wedbush downgraded its rating to Outperform, setting a price target of $325. * Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Apple with a target price of $275. * An analyst from Morgan Stanley persists with their Overweight rating on Apple, maintaining a target price of $252.

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.