Time to Sell Apple Inc. After Today’s Option Traders Bearish Bets?

 Time to Sell Apple Inc. After Today's Option Traders Bearish Bets?

In today’s session Apple Inc. (AAPL) recorded an unusually high (4,287) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious AAPL decrease. With 4,287 contracts traded and 40804 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: AAPL161118P00102000 closed last at: $0.44 or 83.3% up. About 6.76 million shares traded hands. Apple Inc. (NASDAQ:AAPL) has declined 0.88% since April 5, 2016 and is downtrending. It has underperformed by 2.84% the S&P500.

Apple Inc. (NASDAQ:AAPL) Ratings Coverage

Out of 41 analysts covering Apple Inc. (NASDAQ:AAPL), 36 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 88% are positive. $200 is the highest target while $13 is the lowest. The $131.03 average target is 19.12% above today’s ($110) stock price. Apple Inc. has been the topic of 188 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Citigroup given on Tuesday, September 1. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Thursday, October 22 by Susquehanna. The firm earned “Overweight” rating on Friday, July 15 by Barclays Capital. The firm has “Buy” rating given on Friday, August 7 by Morgan Stanley. On Thursday, April 7 the stock rating was maintained by BTIG Research with “Buy”. As per Wednesday, April 27, the company rating was maintained by Robert W. Baird. FBR Capital maintained the stock with “Outperform” rating in Monday, August 24 report. On Sunday, August 16 the stock rating was maintained by Rosenblatt with “Buy”. The stock of Apple Inc. (NASDAQ:AAPL) has “Hold” rating given on Tuesday, October 18 by Deutsche Bank. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by CLSA on Thursday, March 10.

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 dropped, 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.
Moreover, Connor Clark And Lunn Investment Mngmt Ltd has 0.52% invested in Apple Inc. (NASDAQ:AAPL) for 749,646 shares. Yhb Incorporated holds 124,834 shares or 2.62% of its portfolio. Tegean Mgmt Llc, a New York-based fund reported 25,000 shares. Cliftonlarsonallen Wealth Ltd Liability Corporation has 15,204 shares for 0.21% of their US portfolio. Blackhill Cap holds 1.08% or 69,972 shares in its portfolio. The Tennessee-based Diversified Trust Co has invested 0.35% in Apple Inc. (NASDAQ:AAPL). Front Barnett Ltd Com, a Illinois-based fund reported 323,993 shares. Haverford Fincl Incorporated last reported 3.36% of its portfolio in the stock. Jennison Ltd Com last reported 26.17M shares in the company. Stifel Financial Corporation has 4.33 million shares for 1.91% of their US portfolio. Pinnacle Lc has 16,443 shares for 0% of their US portfolio. Trb Advsrs Limited Partnership has 15,000 shares for 14.72% of their US portfolio. Palisade Asset Management Lc last reported 1.56% of its portfolio in the stock. The Pennsylvania-based Blue Bell Private Wealth Mgmt Limited Liability Company has invested 1.21% in Apple Inc. (NASDAQ:AAPL). Context Cap Mngmt Ltd Llc reported 5,900 shares or 0.58% of all its holdings.

Insider Transactions: Since May 23, 2016, the stock had 0 insider buys, and 23 selling transactions for $184.11 million net activity. LEVINSON ARTHUR D also sold $7.61 million worth of Apple Inc. (NASDAQ:AAPL) on Tuesday, August 9. SEWELL D BRUCE sold $10.00 million worth of stock or 103,300 shares. $5.04M worth of Apple Inc. (NASDAQ:AAPL) shares were sold by SCHILLER PHILIP W. FEDERIGHI CRAIG sold $9.84M worth of Apple Inc. (NASDAQ:AAPL) on Wednesday, August 17. Another trade for 9,829 shares valued at $1.03 million was sold by KONDO CHRIS. Shares for $2.50 million were sold by AHRENDTS ANGELA J. 22,381 shares were sold by Riccio Daniel J., worth $2.53M on Wednesday, September 21.

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 $586.55 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 13.29 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: Profitconfidential.com which released: “AAPL Stock: 1 Number Shows How Well Apple Inc. Is Doing” on November 07, 2016, also Fool.com with their article: “Huawei Makes a Samsung-Esque Vow to Take Down Apple, Inc.” published on November 05, 2016, Fool.com published: “Apple Inc.’s New MacBook Pro Computers Aren’t Overpriced” on November 04, 2016. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Foxbusiness.com and their article: “Report: Apple, Inc. to Release New MacBook Pro Computers in 2017” published on November 02, 2016 as well as Fool.com‘s news article titled: “Why Didn’t Apple Inc. Release New iPads This Fall?” with publication date: November 04, 2016.

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