Where's Apple Stock Headed? Options Market Offers Clues Amid Extended Rate Hike Anxiety
Portfolio Pulse from Bhavik Nair
Apple Inc's stock closed 0.57% lower at $183.96 on Wednesday amid extended rate hike anxiety. Options market data shows significant open interest build-up at the $190 Call strike and $180 Put strike, indicating resistance and support levels for the stock this month.
June 22, 2023 | 9:49 am
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Apple's stock closed lower amid rate hike concerns. Options market data indicates resistance at $190 Call strike and support at $180 Put strike for this month.
The article discusses the impact of extended rate hike anxiety on Apple's stock price. The options market data shows significant open interest build-up at the $190 Call strike and $180 Put strike, indicating potential resistance and support levels for the stock this month. These levels can influence the stock's short-term price movement, but other factors such as news or macro events could also cause significant changes.
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