Apple's Put/Call Ratio Hits 0.65 as Traders Lean Long

The put/call ratio of Apple (AAPL) is currently at 0.65, indicating that traders are leaning long and confident in the stock's price movement.

According to the options market, there is a small move expected in either direction, with an at-the-money implied volatility of 14.2%.

The open interest near the money shows call positioning stacked at the 315 and 317.5 strikes above the 312.5 at-the-money line, which suggests confidence but also warns that crowded call positioning fades hardest when a move fails to materialize.