Apple Defies Broader Market Decline with $8.53M Bullish Call Bet
Apple (AAPL.US) defied the broader market's downward trend on Tuesday, surging nearly 3% to around $325.
The options market showed a clear bullish signal as approximately $8.53 million flowed into the Jan. 2027 $355 Calls, wagering that Apple will continue its upward climb and break above its all-time high.
The trades involved three large bullish bets on Apple's Jan. 15, 2027 $355 Calls: two for 2,840 contracts at $10.65, worth around $3.02 million each, and one for 2,190 contracts at the same price, totaling roughly $8.53 million in premium.
The positioning points to a bullish view on Apple over the coming months, with the calls not expiring until January 2027, giving more than four months for the trade to play out.