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Apple's Q2 Earnings: Performance exceeded expectations and shares surged!
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Options Market Statistics: Apple Stock Soars Post-market on Strong Earnings, Major Buyback, Options Pop

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Options Newsman joined discussion · May 2 19:39
News Highlights
$Citigroup(C.US)$ shares ended mostly flat. Its options trading volume was 0.62 million. Call contracts account for 95.4% of the total trading volume. The most traded contracts are $55, 57.5, and 52.5 calls strike price that expire on May 17th. The total volume reaches 138,816, 93,010, and 64594 contracts, respectively.
Options Market Statistics: Apple Stock Soars Post-market on Strong Earnings, Major Buyback, Options Pop
A confidential risk-management study prepared by Citigroup and reviewed by the Federal Reserve indicates that the bank could face significant losses if global climate change mitigation efforts intensify. According to a report seen by Reuters, Citigroup's loan book might incur a $10.3 billion loss over 10 years if greenhouse gas emissions are reduced to net zero by 2050. If the net zero target is postponed beyond 2050, the potential loss is estimated at $7.1 billion on its $730 billion wholesale loan book. Citigroup did not comment on the Reuters report but referenced a March report which acknowledged the utility of the Fed's exercise in identifying potential vulnerabilities in its loan portfolios, though it did not specify any projected loss amounts.
$Apple(AAPL.US)$ shares ended 2.2% following by 6.03% gain after the bell, with option volume of nearly 1.25 million contracts, and calls accounted for 63.8% of the volume. The $180, $175 calls and $170 puts expiring this Friday were traded most actively.
Options Market Statistics: Apple Stock Soars Post-market on Strong Earnings, Major Buyback, Options Pop
Apple's stock rose in after-hours trading as the company's March quarter earnings report was better than market expectations. Revenue was $90.8 billion, a 4% decrease from the previous year but still above the forecasted $90.5 billion. Profits hit $1.53 per share, narrowly surpassing the predicted $1.51. Despite a challenging year that saw Apple shares drop around 10% in 2024, the company anticipates a return to modest revenue growth in the June quarter.
iPhone sales, which represent over half of Apple's revenue, fell 10.5% to $46 billion amid competition and weaker demand in China. iPad revenue also declined by 16.7% to $5.6 billion, falling short of the $6.9 billion estimate. Apple CEO Tim Cook discussed the company's investment in generative AI and hinted at upcoming innovations, emphasizing Apple's strengths in hardware, software, and privacy. An event on May 7th is expected to reveal new iPad models, the first update since 2022.
Options Market Statistics: Apple Stock Soars Post-market on Strong Earnings, Major Buyback, Options Pop
Unusual Stock Options Activity
There was a noteworthy activity in $KE Holdings(BEKE.US)$ , which is primarily being driven by activity on the Jan 17th, 2025 Put. The highest volume over open interest ratio reaches 66.0x with nearly 31,001 contracts, so it's likely that nearly all of the volume represents fresh positioning.
Options Market Statistics: Apple Stock Soars Post-market on Strong Earnings, Major Buyback, Options Pop
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Daily Active Index & Sector ETF Options
Options Market Statistics: Apple Stock Soars Post-market on Strong Earnings, Major Buyback, Options Pop
Source: Barchart, Unusual Whales, The Guardian, Bloomberg
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