BY Benzinga
— 11:52 AM ET 07/26/2022
Someone with a lot of money to spend has taken a bullish stance on Apple NASDAQ:AAPL.
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with AAPL, it often means somebody knows something is about to happen.
So how do we know what this whale just did?
Today, Benzinga's options scanner spotted 15 uncommon options trades for Apple.
This isn't normal.
The overall sentiment of these big-money traders is split between 53% bullish and 46%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $5,752,056, and 7 are calls, for a total amount of $347,871.
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 $60.0 to $205.0 for Apple over the last 3 months.
Volume & Open Interest Development
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 $60.0 to $205.0 in the last 30 days.
Apple Option Volume And Open Interest Over Last 30 Days
Options Call Chart
Biggest Options Spotted:
Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
AAPL PUT TRADE BULLISH 07/21/23 $170.00 $2.7M 3.3K 1.0K
AAPL PUT SWEEP BULLISH 07/29/22 $150.00 $1.9M 18.8K 6.9K
AAPL PUT SWEEP BEARISH 07/29/22 $152.50 $516.4K 9.3K 6.6K
AAPL PUT TRADE BULLISH 12/16/22 $135.00 $206.5K 5.9K 459
AAPL PUT SWEEP BULLISH 07/29/22 $150.00 $140.5K 18.8K 15.5K
Where Is Apple Standing Right Now?
With a volume of 11,308,542, the price of AAPL is down -0.71% at $151.87.
RSI indicators hint that the underlying stock may be approaching overbought.
Next earnings are expected to be released in 2 days.
What The Experts Say On Apple:
Keybanc has decided to maintain their Overweight rating on Apple, which currently sits at a price target of $173.
Morgan Stanley has decided to maintain their Overweight rating on Apple, which currently sits at a price target of $180.
Evercore ISI Group has decided to maintain their Outperform rating on Apple, which currently sits at a price target of $180.
Wells Fargo has decided to maintain their Overweight rating on Apple, which currently sits at a price target of $185.
Citigroup has decided to maintain their Buy rating on Apple, which currently sits at a price target of $175.
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.
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