Options Market Statistics: Apple Stock Hit by China Worries Ahead of iPhone 15 Launch, Options Pop
News Highlights
$Apple(AAPL.US$ shares fell by 2.92%, closing at $177.56. Its options trading volume is 2.44 million. Call contracts account for 54.0% of the whole trading volume. The most traded calls are contracts of $180 strike price that expire on September 8th. The total volume reaches 157,083 with an open interest of 10,808. The most traded puts are contracts of a $175 strike price that expires on September 8th; the volume is 112,495 contracts with an open interest of 12,817.
Apple is facing a new competitive threat in China after the country ordered some officials not to use iPhones: Hardware giant Huawei Technologies is selling a smartphone capable of ultrafast data connectivity.
The new Huawei phone, coupled with the ban, has the potential to make a significant dent in Apple's sales and once again underscores the risks global companies face as geopolitical tensions between the U.S. and China spill over into many industries.
Apple is particularly vulnerable, as most of its products are assembled in China. Chief Executive Tim Cook for years has engaged in a delicate dance to keep his company from being ensnared as the two countries have disagreed over trade and technology.
$NVIDIA(NVDA.US$ shares fell by 1.74%, closing at $462.41. Its options trading volume is 1.21 million. Call contracts account for 57.1% of the whole trading volume. The most traded calls are contracts of $460 strike price that expire on September 8th. The total volume reaches 61,450 with an open interest of 2,622. The most traded puts are contracts of a $450 strike price that expires on September 8th; the volume is 51,972 contracts with an open interest of 11,057.
$Intel(INTC.US$ shares rose by 3.24%, closing at $38.18. Its options trading volume is 0.42 million. Call contracts account for 69.6% of the whole trading volume. The most traded calls are contracts of $38 strike price that expire on September 8th. The total volume reaches 23,949 with an open interest of 11,723. The most traded puts are contracts of a $35 strike price that expires on January 19th 2024; the volume is 12,503 contracts with an open interest of 40,797.
Intel has struck an agreement with $Tower Semiconductor(TSEM.US$ through which Intel will provide foundry services and 300-millimeter manufacturing capacity, the companies said Tuesday. Tower plans to invest up to $300 million to acquire and own equipment and other assets that will be installed in Intel's New Mexico manufacturing facility. "This agreement demonstrates the commitment from both Intel and Tower to expand their respective foundry footprints with unparalleled solutions and scaled capabilities," the companies said in a release. Intel offered an upbeat update on its foundry business last week, as Chief Executive Pat Gelsinger disclosed at an investor conference that the company had a "large customer prepay" for its 18A process technology.
Unusual Stock Options Activity
Some notable call activity is being seen in $Apple(AAPL.US$, which is primarily being driven by activity on the September 8th 177.5 call. Volume on this contract is 112,675 versus open interest of 2,392, so it's likely that nearly all of the volume represents fresh positioning.
Daily Active Index & Sector ETF Options
Source: Benzinga, Dow Jones, CNBC
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Source: Benzinga, WSJ
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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70141151 : Is this going to fall or sideways again? The input is all gone
Dk kang : israel company!