Apple Whale Trades Spotted

Apple Whale Trades Spotted

Someone with a lot of money to spend has taken a bullish stance on Apple 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 78 uncommon options trades for Apple.

This isn't normal.

The overall sentiment of these big-money traders is split between 52% bullish and 47%, bearish.

Out of all of the special options we uncovered, 31 are puts, for a total amount of $1,927,337, and 47 are calls, for a total amount of $3,103,284.

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 $50.0 to $200.0 for Apple over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Apple options trades today is 13462.12 with a total volume of 329,215.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Apple's big money trades within a strike price range of $50.0 to $200.0 over the last 30 days.

Apple Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
AAPL CALL TRADE BULLISH 03/17/23 $150.00 $249.0K 18.4K 6
AAPL CALL TRADE NEUTRAL 01/19/24 $110.00 $210.0K 2.3K 202
AAPL CALL TRADE BEARISH 06/21/24 $50.00 $184.9K 560 35
AAPL PUT SWEEP BEARISH 08/19/22 $145.00 $152.8K 24.5K 44
AAPL PUT TRADE BULLISH 08/19/22 $140.00 $115.0K 19.0K 1.5K

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
AAPL CALL TRADE BULLISH 03/17/23 $150.00 $249.0K 18.4K 6
AAPL CALL TRADE NEUTRAL 01/19/24 $110.00 $210.0K 2.3K 202
AAPL CALL TRADE BEARISH 06/21/24 $50.00 $184.9K 560 35
AAPL PUT SWEEP BEARISH 08/19/22 $145.00 $152.8K 24.5K 44
AAPL PUT TRADE BULLISH 08/19/22 $140.00 $115.0K 19.0K 1.5K

Where Is Apple Standing Right Now?

  • With a volume of 52,886,655, the price of AAPL is up 1.46% at $140.96.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 23 days.

What The Experts Say On Apple:

  • Deutsche Bank has decided to maintain their Buy rating on Apple, which currently sits at a price target of $175.
  • Evercore ISI Group has decided to maintain their Outperform rating on Apple, which currently sits at a price target of $180.
  • Morgan Stanley has decided to maintain their Overweight rating on Apple, which currently sits at a price target of $185.

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.

Posted In: BZI-UOAOptionsMarkets