Decoding Apple's Options Activity: What's the Big Picture?

Financial giants have made a conspicuous bullish move on Apple. Our analysis of options history for Apple AAPL revealed 12 unusual trades.

Delving into the details, we found 50% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $195,700, and 8 were calls, valued at $334,035.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $220.0 to $250.0 for Apple over the recent three months.

Insights into Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

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 activity within a strike price range from $220.0 to $250.0 in the last 30 days.

Apple Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

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.

Current Position of Apple

• Trading volume stands at 1,307,826, with AAPL's price up by 0.85%, positioned at $235.26.
• RSI indicators show the stock to be may be approaching oversold.
• Earnings announcement expected in 15 days.

What Analysts Are Saying About Apple

A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $257.25.

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. * Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Apple with a target price of $256. * An analyst from MoffettNathanson downgraded its action to Sell with a price target of $188. * Maintaining their stance, an analyst from Bernstein continues to hold a Outperform rating for Apple, targeting a price of $260. * Maintaining their stance, an analyst from Wedbush continues to hold a Outperform rating for Apple, targeting a price of $325.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Apple, Benzinga Pro gives you real-time options trades alerts.