Market Whales and Their Recent Bets on AAPL Options

Recently, wealthy investors, often referred to as "whales," have shown a significantly bearish stance on Apple, with their activities reflecting a cautious outlook.

In analyzing options history for Apple (AAPL), a total of 224 trades have been detected, showcasing a mix of sentiment among investors.

When delving into the specifics of these trades, it becomes clear that only 37% of the investors adopted a bullish perspective while a notable 49% aligned with bearish expectations.

The trades included 86 puts valued at approximately $6,299,706 and 138 calls totaling around $10,312,900, indicating a serious commitment of capital towards the bearish sentiment on Apple.

What's the Price Target?

Over the past three months, based on the volume and open interest of these options contracts, it seems that whales have targeted a price range for Apple between $75.00 and $280.00.

Volume & Open Interest Trends

As of today, the average open interest for Apple options stands at 11,167.94, complemented by a total volume of 2,431,232.00. A detailed review of the accompanying charts would show the progression of both call and put option volumes and open interest involving high-value trades within the $75.00 to $280.00 strike price corridor over the previous 30 days.

Apple Call and Put Volume: 30-Day Overview

Noteworthy patterns emerge when we examine the call and put options traded in Apple over the last month, highlighting the intricate balance between optimistic and pessimistic views held by investors.

Noteworthy Options Activity:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
AAPL	CALL	TRADE	BEARISH	11/15/24	$100.2	$100.0	$100.0	$130.00	$500.0K	272	150
AAPL	CALL	SWEEP	BULLISH	06/18/26	$57.25	$57.0	$57.35	$195.00	$206.3K	2.1K	36
AAPL	CALL	TRADE	BEARISH	03/21/25	$131.6	$131.2	$131.3	$100.00	$131.3K	505	10
AAPL	CALL	SWEEP	BEARISH	11/01/24	$4.7	$4.65	$4.65	$230.00	$93.0K	5.9K	5.8K
AAPL	CALL	SWEEP	BEARISH	11/01/24	$2.88	$2.85	$2.85	$235.00	$80.9K	16.2K	9.6K

About Apple

Apple is one of the most significant tech companies globally, renowned for its diverse lineup of hardware and software targeting both consumers and businesses. Primarily, its flagship product, the iPhone, drives most sales, while other devices like the Mac, iPad, and Apple Watch complement an expansive software ecosystem linked to the iPhone.

Furthermore, Apple is continually working to expand its services, introducing new applications such as streaming video, subscription bundles, and augmented reality. The company designs its own software and chips, often collaborating with manufacturers like Foxconn and TSMC to produce its products. It is noteworthy that nearly half of Apple's sales are achieved through its direct flagship stores, while most of the sales occur through partnerships.

Where Is Apple Standing Right Now?

• The AAPL stock has recorded a trading volume of 37,924,133, with a price decline of -2.61%, landing at $229.71.
• Current relative strength index (RSI) suggests the stock may be nearing an overbought level.
• The next earnings report is set to be released in 8 days.

What Analysts Are Saying About Apple

Over the past month, 5 financial analysts have provided insights regarding Apple stock, leading to an average price target of $227.984.

Unusual Options Activity Detected: Smart Money on the Move

Tracking unusual options activity can reveal potential market shifts. For instance, a recent analysis from Needham downgraded its rating to Buy, setting a new target price of $260. Meanwhile, Bank of America revised its rating to Buy with a new price target of $256. Barclays has retained its Underweight rating with a considerably lower target of $186. Conversely, New Street Research modified its assessment to Neutral, with a target of $225. Jefferies similarly downgraded its recommendation to Hold, now estimating a price target of $212.

Options trading inherently carries higher risks compared to directly trading equities; however, they also come with greater potential for profit. Experienced options traders often mitigate risks by continuously educating themselves, cautiously entering and exiting trades, and monitoring multiple market indicators.

For those interested in staying informed of the latest options trades for Apple, consider utilizing dedicated platforms that provide real-time trading alerts.

Apple, Options, Investors