16.8 C
New York
Thursday, October 6, 2022

Subscribe

Apple reaches $700bn market cap

Apple reaches $700bn market cap

By Andrew Wilkinson at International Brokers (originally published on Nov. 25) 

It only took a few minutes to rack-up 100,000 option contracts in early trading as Apple’s market cap surged to a record. The shares touched $119.75 valuing the company in excess of $700 billion. After 15-minutes of trading, option dealers had traded more than 200,000 contracts with the most commonly traded strike of 120.0 accounting for a little over one-quarter of total volume. Around 50,000 call options at the 120.0 strike have dominated trading compared to only 8,000 puts. Bearish plays attracted far less attention across the board as bullish sentiment was maintained. Option implied volatility is up by 4% to 22.6% on Apple options.     

Chart – Call option activity dominated as shares in Apple surged

 

 

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

160,162FansLike
462,442FollowersFollow
2,130SubscribersSubscribe

Latest Articles

0
Would love your thoughts, please comment.x
()
x