Check Out What Whales Are Doing With AAPL

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 30 trades.

If we consider the specifics of each trade, it is accurate to state that 43% of the investors opened trades with bullish expectations and 46% with bearish.

From the overall spotted trades, 17 are puts, for a total amount of $863,559 and 13, calls, for a total amount of $2,171,155.

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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 $150.0 to $215.0 for Apple over the last 3 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 $150.0 to $215.0 in the last 30 days.

Apple Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

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.

Where Is Apple Standing Right Now?

• Currently trading with a volume of 14,904,320, the AAPL's price is up by 1.27%, now at $196.74.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 14 days.

Professional Analyst Ratings for Apple

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $230.47.

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 Jefferies downgraded its action to Hold with a price target of $202. * An analyst from Tigress Financial has decided to maintain their Strong Buy rating on Apple, which currently sits at a price target of $300. * An analyst from B of A Securities persists with their Buy rating on Apple, maintaining a target price of $250. * An analyst from Keybanc has decided to maintain their Underweight rating on Apple, which currently sits at a price target of $170. * An analyst from DA Davidson has decided to maintain their Buy rating on Apple, which currently sits at a price target of $230.

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.