Looking At Apple's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Apple (NASDAQ:AAPL) has been observed through unusual options activity. The sentiment among these big-money traders is split between 43% bullish and 56% bearish. The whales have been targeting a price range from $185.0 to $225.0 for Apple over the last 3 months. The price of AAPL is currently down -1.01% at $188.76. Several financial institutions have downgraded their ratings on Apple, with price targets ranging from $175 to $240.
July 10, 2023 | 2:33 pm
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Unusual options activity indicates a bearish sentiment towards Apple. The price of AAPL is currently down, and several financial institutions have downgraded their ratings on the company.
The bearish sentiment observed in the unusual options activity, combined with the current downward trend in AAPL's price and the downgrades from several financial institutions, suggests a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100