Apple Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been detected for Apple (AAPL), with a significant amount of bullish trades. A total of 92 uncommon options trades were spotted, with 80 calls and 12 puts, indicating a bullish sentiment. The expected price range for Apple is between $100 and $260. Despite the bullish options activity, several analysts have recently downgraded their ratings for Apple, with price targets ranging from $186 to $256.
October 28, 2024 | 4:30 pm
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Unusual options activity for Apple shows a bullish sentiment with 80 calls and 12 puts. Analysts have mixed views, with recent downgrades and price targets between $186 and $256.
The detection of unusual options activity, particularly with a majority of call options, suggests a bullish sentiment among large investors. This could indicate expectations of a price increase. However, recent analyst downgrades and lower price targets may temper this optimism. The mixed signals from options activity and analyst ratings create a complex short-term outlook for Apple's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100