Apple Unusual Options Activity For May 23
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Apple (NASDAQ:AAPL) on May 23, with a bearish stance taken by a large investor. Benzinga's options scanner spotted 23 uncommon options trades, with 26% bullish and 73% bearish sentiment. Whales have been targeting a price range of $120 to $215 for Apple over the last 3 months.
May 23, 2023 | 3:32 pm
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A large investor has taken a bearish stance on Apple (NASDAQ:AAPL) with unusual options activity observed on May 23. The overall sentiment among big-money traders is 73% bearish.
The unusual options activity observed for Apple indicates that a large investor is taking a bearish stance on the stock. This could potentially have a negative impact on the stock price in the short term, as it suggests that big-money traders believe the stock price may decline. The 73% bearish sentiment among these traders further supports this view.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100