Market Whales and Their Recent Bets on Apple Options

Recent analysis shows that significant investors, often referred to as "whales," are taking a more bearish stance on Apple (NASDAQ: AAPL).

In our review of Apple’s options history, we have identified a total of 224 trades that have occurred.

Diving deeper into these trades, we observe that approximately 37% of investors initiated trades with the expectation of a price increase, while a larger portion, around 49%, adopted a bearish outlook.

Among the trades identified, there are 86 put options valued at a combined total of $6,299,706, alongside 138 call options totaling $10,312,900.

Price Target Insights

When considering the volume and open interest associated with these contracts, it seems that whales have their sights set on a price range for Apple that extends from $75.0 to $280.0 over the past three months.

Trends in Volume and Open Interest

At present, the average open interest for Apple options is about 11,167.94, with total trading volume recorded at 2,431,232.00. The accompanying chart illustrates trends in both call and put option volumes and open interest for significant trades of Apple options, specifically within the strike price range of $75.0 to $280.0 over the last 30 days.

30-Day Overview of Apple Call and Put Volume

Significant 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

Overview of Apple

Apple stands as one of the largest corporations globally, offering a diverse range of hardware and software products aimed at both consumers and businesses. A significant portion of Apple's revenues comes from iPhone sales, while other products, such as the Mac, iPad, and Apple Watch, are integrated into a larger software ecosystem centered around the iPhone. The company continues to expand its offerings with new applications, including streaming services, subscription bundles, and augmented reality solutions. To build its products and chips, Apple designs its own software and semiconductors while collaborating with subcontractors, like Foxconn and TSMC. Approximately half of Apple's sales occur directly through its flagship stores, with the remainder being made through partnerships and distribution channels.

Shifting our focus to Apple's current market standing, we can take a closer look at its performance.

Current Status of Apple

• Apple's trading volume has been reported at 37,924,133, with the stock price down by 2.61%, currently positioned at $229.71.
• Current relative strength index (RSI) values suggest that the stock may be approaching an overbought condition.
• The next earnings report is anticipated in the coming 8 days.

Analyst Insights on Apple

In the past month, five professional analysts have evaluated Apple's stock, projecting an average price target of $227.984.

Unusual Options Activity: Following Smart Money

Monitoring unusual options movements could highlight potential market drivers ahead of time. Recently, analysts have adjusted their ratings and price targets for Apple:

• A Needham analyst has downgraded their rating to Buy with a price target of $260.
• A B of A Securities analyst has lowered their rating to Buy, revising the target to $256.
• A Barclays analyst has maintained an Underweight rating with a revised price target of $186.
• New Street Research has also downgraded their rating to Neutral with a target of $225.
• Jefferies has adjusted their rating to Hold with a price target of $212, reflecting a more cautious outlook.

Options trading can involve more risk compared to stock trading, but they also provide higher profit opportunities. Successful options traders often mitigate their risks through ongoing education, strategically entering and exiting trades, and monitoring multiple indicators closely.

For continuous updates on the latest trades regarding Apple options, investors can consider utilizing real-time options alert services.

whales, options, Apple