Learn the trade here. Make it on tradeMONSTER

Options Trading News

November 13, 2012  Tue 12:20 PM CT

AAPL: SEE CHART GET CHAIN FIND STRATEGIES
Apple has traded in the green for much of today's session, and the heavy option volume is once again in the soon-to-expire options.

AAPL is up just under 1 percent to $547.85. It opened below $540 but has been holding above that support level since closing just below it last Thursday.

Total option volume in the name tops 334,000 contracts so far today, with 188,000 calls. More than two-thirds of that volume is in the options that expire on Friday.

The top strike is the November 55 call with 20,000 contracts, twice the open interest. Both the 540 puts and 545 calls have seen more than 17,700 contracts change hands, and both are also above open interest.

Again the action is mostly the work of intraday traders looking to profit from buying and selling optiong premiums. The average implied volatility is 31.7 percent, in the middle of its recent range. The rate is also in line with its 30-day historical volatility, which has climbed from 18 percent in mid-September.
Share this article with your friends


Related Stories

AAPL

Cramer: Meeting unmet needs

September 12, 2014

Sometimes a stock goes higher because the company it represents is solving unmet needs. And that leads to a discussion about Apple.

AAPL

Cramer: Second IPO flood on way

September 8, 2014

AAPL

Cramer: Own Apple, don't trade it

September 4, 2014

They are doing it again. The analysts, the bloggers, the Apple-ites, they are drumming up excitement for the Sept. 9 meeting that is almost impossible to surpass.

AAPL

How to get the hedge you want

September 1, 2014

When traders look for protection, how much to hedge is a key question. That is one of the reasons that we introduced our Hedge Zone system.

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Free Webinars

Swing Trading w/ Jon Najarian and Ron Ianieri

Education & Strategy

Make your rules, and stick by them!

New traders often act on the recommendations of others or on gut feel. But that is a quick way to...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER