Mixed options sentiment in Apple (AAPL), with shares up $2.86, or 1.45%, near $199.44. Options volume roughly in line with average with 899k contracts traded and calls leading puts for a put/call ratio of 0.71, compared to a typical level near 0.82. Implied volatility (IV30) dropped 0.34 near 25.95,and below the 52wk median, suggesting an expected daily move of $3.26. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at First Shanghai.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAPL:
- Circle Stock (CRCL) Soars after Senate Passes Stablecoin Bill
- Morning News Wrap-Up: Friday’s Biggest Stock Market Stories!
- Alibaba’s Ant Group Eyeing Up Smart Glass Payments Growth
- Wall Street Is Divided on a Rebound in Apple Stock (AAPL)
- Now Streaming: Netflix expands programmatic offering for advertising