Apple Inc. Unusual Bullish Options Activity Means Profits for Traders


 Apple Inc. Unusual Bullish Options Activity Means Profits for Traders

In today’s session Apple Inc. (AAPL) registered an unusually high (517) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the April, 2017 call, expecting serious AAPL increase. With 517 contracts traded and 79764 open interest for the Apr, 17 contract, it seems this is a quite bullish bet. The option with symbol: AAPL170421C00115000 closed last at: $6.55 or 3.1% up. The stock increased 0.43% or $0.48 during the last trading session, hitting $113. About 29.71M shares traded hands. Apple Inc. (NASDAQ:AAPL) has risen 11.93% since March 1, 2016 and is uptrending. It has outperformed by 2.68% the S&P500.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on October, 25. They expect $1.64 EPS, down 16.33% or $0.32 from last year’s $1.96 per share. AAPL’s profit will be $8.80 billion for 17.23 P/E if the $1.64 EPS becomes a reality. After $1.42 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts 15.49% EPS growth.

Apple Inc. (NASDAQ:AAPL) Ratings Coverage

Out of 39 analysts covering Apple Inc. (NASDAQ:AAPL), 35 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 90% are positive. $200 is the highest target while $102 is the lowest. The $129.53 average target is 14.63% above today’s ($113) stock price. Apple Inc. has been the topic of 170 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Credit Suisse given on Wednesday, October 28. The rating was maintained by FBR Capital with “Outperform.” on Monday, October 26. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by Credit Suisse on Friday, September 11. The stock of Apple Inc. (NASDAQ:AAPL) earned “Neutral” rating by Bank of America on Wednesday, August 5. S&P Research maintained the shares of AAPL in a report on Thursday, September 24 with “Strong Buy” rating. The rating was maintained by Robert W. Baird on Friday, August 7 with “Buy”. As per Friday, September 11, the company rating was maintained by Robert W. Baird. The firm has “Overweight” rating by Barclays Capital given on Wednesday, January 27. The firm has “Buy” rating given on Wednesday, October 28 by Macquarie Research. As per Friday, January 8, the company rating was maintained by Cowen & Co.

Insitutional Activity: The institutional sentiment decreased to 0.89 in 2016 Q2. Its down 0.26, from 1.15 in 2016Q1. The ratio turned negative, as 116 funds sold all Apple Inc. shares owned while 900 reduced positions. 66 funds bought stakes while 835 increased positions. They now own 2.95 billion shares or 8.86% less from 3.23 billion shares in 2016Q1.
Huntington Savings Bank holds 2.29% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 754,820 shares. Trust Of Oklahoma holds 40,595 shares or 0% of its portfolio. Hollencrest Secs Limited Liability holds 30,980 shares or 0.46% of its portfolio. Wells Fargo Mn holds 1.28% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 34.53M shares. Horan Cap Advisors Ltd Limited Liability Company holds 34,848 shares or 2.71% of its portfolio. Duff And Phelps Investment Mgmt owns 68,255 shares or 0.1% of their US portfolio. Fulton Bank & Trust Na has 1.49% invested in the company for 159,598 shares. Moreover, Fred Alger Mngmt Inc has 3.84% invested in Apple Inc. (NASDAQ:AAPL) for 7.61 million shares. Bedrijfstakpensioenfonds Voor De Media Pno has 4.61% invested in the company for 357,820 shares. Bnp Paribas Inv Partners Sa has 1.8% invested in the company for 2.23M shares. Dock Street Asset Mngmt accumulated 204,441 shares or 17.28% of the stock. Northrock Prtnrs Limited Com has 8,465 shares for 0.36% of their US portfolio. Tiedemann Wealth Mngmt Ltd Llc last reported 0.41% of its portfolio in the stock. Eastern State Bank owns 293,445 shares or 2.27% of their US portfolio. Economic Planning Gru Incorporated Adv last reported 7,813 shares in the company.

Insider Transactions: Since May 23, 2016, the stock had 0 insider buys, and 18 sales for $129.16 million net activity. SEWELL D BRUCE also sold $10.00 million worth of Apple Inc. (NASDAQ:AAPL) on Monday, May 23. The insider LEVINSON ARTHUR D sold $7.61 million. On Friday, August 12 the insider Srouji Johny sold $1.07 million. The insider AHRENDTS ANGELA J sold 25,000 shares worth $2.50 million. 49,996 shares were sold by Riccio Daniel J., worth $5.30M. The insider COOK TIMOTHY D sold 334,000 shares worth $35.82M. Cue Eduardo H sold $4.97M worth of stock.

Apple Inc. designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The company has a market cap of $606.04 billion. The Company’s services and products include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings. It has a 13.2 P/E ratio. The Firm also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store.

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