Apple options are doing something unusual into earnings
stock market is in a two-month rut, bond yields are making new highs, and earnings from Alphabet and Tesla dropped the ball. Enter Apple, the only stock among the ten biggest in the S&P 500 that's near an all-time high.
Reported by 1 outlet — CNBC Top News. See all sources ↓
stock market is in a two-month rut, bond yields are making new highs, and earnings from Alphabet and Tesla dropped the ball. Enter Apple, the only stock among the ten biggest in the S&P 500 that's near an all-time high. After going nowhere for seven months, Apple stock is up 20% since its late-June low and less than two dollars below a fresh all-time record made just over a week ago. Apple reports earnings after the bell Thursday, and options traders are leaning into the stock's recent strength, with big-money traders buying in-the-money calls and speculators looking for a ramp to new highs by this Friday, according to trades put on before the market close Friday, and open interest that's built up around the stock this summer.
Read the full report at CNBC Top News ↗
Why it matters
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- What's the story?
- stock market is in a two-month rut, bond yields are making new highs, and earnings from Alphabet and Tesla dropped the ball. Enter Apple, the only stock among the ten biggest in the S&P 500 that's near an all-time high.
- How widely is it covered?
- 1 outlet, average source rating 7.0/10.
- When was it last updated?
- 6m ago.
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Apple options are doing something unusual into earnings
Sources1TypeCoverageCNBC Top News