Spotlight on Apple: Analyzing the Surge in Options Activity

Financial giants have made a conspicuous bullish move on Apple. Our analysis of options history for Apple AAPL revealed 15 unusual trades.

Delving into the details, we found 46% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $213,179, and 9 were calls, valued at $406,820.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $200.0 to $230.0 for Apple over the last 3 months.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Apple's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Apple's substantial trades, within a strike price spectrum from $200.0 to $230.0 over the preceding 30 days.

Apple 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

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

• With a trading volume of 2,107,941, the price of AAPL is down by -0.53%, reaching $212.35.
• Current RSI values indicate that the stock is may be oversold.
• Next earnings report is scheduled for 45 days from now.

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 $300.67.

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. * Reflecting concerns, an analyst from Wedbush lowers its rating to Outperform with a new price target of $325. * An analyst from Morgan Stanley persists with their Overweight rating on Apple, maintaining a target price of $252. * In a cautious move, an analyst from Wedbush downgraded its rating to Outperform, setting a price target of $325.

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.