Apple Inc. Has Another Very Negative Options Trading Session

 Apple Inc. Has Another Very Negative Options Trading Session

In today’s session Apple Inc. (AAPL) recorded an unusually high (2,000) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the June, 2017 put, expecting serious AAPL decrease. With 2,000 contracts traded and 96634 open interest for the Jun, 17 contract, it seems this is a quite bearish bet. The option with symbol: AAPL170616P00092500 closed last at: $2.14 or 4.4% up. About 13.87M shares traded hands. Apple Inc. (NASDAQ:AAPL) has risen 14.74% since March 14, 2016 and is uptrending. It has outperformed by 9.13% the S&P500.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on October, 25. They expect $1.64 earnings per share, down 16.33% or $0.32 from last year’s $1.96 per share. AAPL’s profit will be $8.89 billion for 17.84 P/E if the $1.64 EPS becomes a reality. After $1.42 actual earnings per share 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. Apple Inc. has been the topic of 174 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Oppenheimer maintained the shares of AAPL in a report on Monday, January 11 with “Outperform” rating. The rating was maintained by Rosenblatt with “Buy” on Sunday, August 16. Pacific Crest upgraded the shares of AAPL in a report on Wednesday, October 28 to “Overweight” rating. The stock of Apple Inc. (NASDAQ:AAPL) has “Outperform” rating given on Wednesday, March 30 by Longbow. Citigroup maintained Apple Inc. (NASDAQ:AAPL) rating on Friday, September 30. Citigroup has “Buy” rating and $130 price target. The rating was maintained by Oppenheimer on Wednesday, October 28 with “Buy”. The stock has “Outperform” rating given by Oppenheimer on Friday, September 11. The firm has “Outperform” rating by FBN Securities given on Wednesday, April 27. The stock has “Strong Buy” rating given by Needham on Wednesday, April 6. The stock has “Buy” rating given by Rosenblatt on Friday, September 11.

According to Zacks Investment Research, “Apple Inc. is engaged in designing, manufacturing and marketing mobile communication and media devices, personal computers, and portable digital music players. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and Mac OS X operating systems, iCloud, and a range of accessory, service and support offerings. It sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers. Apple Inc. is headquartered in Cupertino, California.”

Insitutional Activity: The institutional sentiment decreased to 0.89 in Q2 2016. 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.
Independent Port Consultants has 49,836 shares for 1.5% of their US portfolio. Natixis Asset Mgmt, a France-based fund reported 44,390 shares. Verus Fincl Prtnrs holds 0.27% or 6,255 shares in its portfolio. Roof Eidam And Maycock Adv holds 0.91% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 18,164 shares. Mcgowan Asset Mngmt accumulated 7,617 shares or 0.13% of the stock. Moreover, Valiant Management Lp has 6.35% invested in Apple Inc. (NASDAQ:AAPL) for 999,800 shares. Cullinan Inc last reported 1.52% of its portfolio in the stock. Hilltop holds 62,621 shares or 1.9% of its portfolio. Proshare Limited Liability Corp last reported 2.41 million shares in the company. John G Ullman Inc holds 19,027 shares or 0.37% of its portfolio. Partnervest Advisory Service Ltd holds 1.36% or 28,647 shares in its portfolio. Moreover, Schwartz Inv Counsel has 0.02% invested in Apple Inc. (NASDAQ:AAPL) for 3,530 shares. Steadfast Capital Mgmt L P last reported 2.22M shares in the company. James Inv, a Ohio-based fund reported 107,821 shares. Invesco holds 47.06M shares or 1.65% of its portfolio.

Insider Transactions: Since May 23, 2016, the stock had 0 insider buys, and 19 selling transactions for $134.09 million net activity. AHRENDTS ANGELA J sold $5.00M worth of Apple Inc. (NASDAQ:AAPL) on Thursday, May 26. Srouji Johny also sold $798,000 worth of Apple Inc. (NASDAQ:AAPL) on Thursday, May 26. The insider KONDO CHRIS sold 9,829 shares worth $1.03 million. Shares for $4.08M were sold by Riccio Daniel J. on Friday, May 27. On Friday, August 5 SEWELL D BRUCE sold $2.51M worth of the stock or 23,305 shares. Cue Eduardo H sold 50,000 shares worth $4.97M. The insider LEVINSON ARTHUR D sold $7.61M.

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 $634.10 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 13.67 P/E ratio. The Firm also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store.

AAPL Company Profile

Apple Inc. (Apple), incorporated on January 3, 1977, designs, makes and markets mobile communication and media devices, personal computers and portable digital music players and sells a variety of related software, services, peripherals, networking solutions and third-party digital content and applications. 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. The Firm offers a range of mobile communication and media devices, personal computing products and portable digital music players, as well as a variety of related software, services, peripherals, networking solutions and third-party hardware and software products. In addition, the Company offers its own software products, including iOS, the Company’s mobile operating system; OS X, the Company’s Mac operating system; and server and application software. The Company’s primary products include iPhone, iPad, Mac, iPod, iTunes, Mac App Store, iCloud, Operating System Software, Application Software and Other Application Software.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Fool.com which released: “Why This Apple Inc. Supplier Deserves More Credit” on October 17, 2016, also Bloomberg.com with their article: “How Apple Scaled Back Its Titanic Plan to Take on Detroit” published on October 17, 2016, Profitconfidential.com published: “AAPL Stock: Apple Inc. (NASDAQ: AAPL) Rally is Shaky” on October 17, 2016. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Fool.com and their article: “Apple Inc.’s Surprisingly Strong Mid-Range iPhone Offering” published on October 15, 2016 as well as Fool.com‘s news article titled: “Apple Inc. iPhone 7 Sales: Don’t Be Misled” with publication date: October 14, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment