Apple Options Volume Overshadows Stock Volume (AAPL)

Posted in Options 
December 27th, 2010

There is a rare event today that has not been seen on many occasions.  Apple Inc. (NASDAQ: AAPL) is seeing more stock option trading interest today in its stock options on a fully leveraged basis than its shares are seeing.  The stock volume is actually anemic at 4.53 million shares as of 12:05 PM EST when a normal trading day’s volume is 17.5 million shares.

Here is the CALL option volume of the JAN-2011 CALLS:

$trike    Volume    OpInt
300.00    1,342    36,014
310.00    3,479    33,588
320.00    14,436    52,390
330.00    18,111    50,100
340.00    8,880    34,057
350.00    8,802    28,100
360.00    5,978    17,341
370.00    2,545    10,475
380.00    1,084    10,494
390.00    164    7,331
400.00    1,002    16,100
410.00    548    3,725
420.00    1,047    2,649

These alone come to over 60,000 contracts for the JAN-2011, which is over 6 million shares on a fully leveraged basis.  We have also seen close to 40,000 contracts trade in the PUTS for JAN-2011 and close to 10,000 contracts in each of the PUTS and CALLS in the weeklies that expire on December 30, 2010 as well.

JON C. OGG

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