Someone with a lot of money to spend (and maybe some insider knowledge) took a bearish stance on Apple(NASDAQ: AAPL).
And retail traders should know.
We noticed this today when the prominent position appeared in the history of publicly available options that we follow here at Benzinga.
Whether it’s an institution or just a wealthy individual, we don’t know. But when something so big happens with AAPL, it often means that someone knows something is about to happen.
So how do we know what this whale just did?
Today, Benzinga’s options scanner spotted 31 uncommon option trades for Apple.
It’s not normal.
The general sentiment of these big traders is split between 48.39% bullish and 51.61% bearish.
Of all the special options we discovered, 12 are put options, totaling $ 680,129, and 19 are call options, totaling $ 727,635.
What is the target price?
Considering the volume and open interest on these contracts, it looks like Whales are targeting a price range of $ 125.0 to $ 170.0 for Apple over the past 3 months.
Development of volume and open interest
Watching the volume and open interest is a powerful move when trading options. This data can help you track the liquidity and interest of Apple’s options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and options, respectively, for all Apple whale trades within a strike price range of $ 125.0 to $ 170.0 in the last 30 days.
Apple options volume and open interest in the last 30 days
The biggest options spotted:
|symbol||PLACE / CALL||Type of business||Feeling||Exp. Dated||Strike price||Total trade price||Open interest||Volume|
|AAPL||TO PUT||TRADE||DECREASE||11/19/21||$ 145.00||$ 160.6K||37.3K||845|
|AAPL||TO PUT||TO SWEEP UP||BULLISH||11/19/21||$ 143.00||$ 124.4K||947||810|
|AAPL||TO PUT||TO SWEEP UP||DECREASE||10/29/21||$ 148.00||$ 69.8K||5.2K||1.2K|
|AAPL||CALL||TO SWEEP UP||DECREASE||03/18/22||$ 135.00||$ 55.3K||3.6K||31|
|AAPL||CALL||TO SWEEP UP||DECREASE||01/21/22||$ 145.00||$ 55.2K||61.6K||885|
Where is Apple at the moment?
- With a volume of 21,312,165, the price of AAPL is down -0.3% to $ 148.25.
- RSI indicators suggest that the underlying stock could be close to overbought.
- The next results should be published in 3 days.
What the experts say about Apple:
- DA Davidson has decided to maintain its buy rating on Apple, which currently sits at a price target of $ 175.0.
Options are a riskier asset compared to just trading in stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, increasing and decreasing trades, following more than one indicator, and closely following the markets.
If you’re already an options trader or want to get started, head over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analysis to strengthen your investing and trading strategy.