AAPL Options Trading Surges as Investors Await New iPhone Models
The recent Apple (AAPL) options trading has seen a significant volume of contracts traded on September 21st. According to Moomoo, 1.47 million contracts were traded that day, with put options accounting for 32.3% of the total transactions.
This surge in trading activity comes as Apple investors are awaiting the release of new iPhone models, which are expected to drive sales and boost the company's stock price. However, not all analysts are optimistic about the prospects for Apple's stock price. Gene Munster believes that estimates for the iPhone 18 are 'too conservative', but it is unclear what specific numbers he has in mind.
The options market indicates that investors are taking a cautious approach to trading Apple stock. The implied volatility of AAPL options is at 0.13%, indicating a relatively low level of uncertainty about future price movements.