Most Active Weekly Options: Amazon.com, Inc. and Apple Inc.

Weekly options traders have set their sights on Amazon.com, Inc. (NASDAQ:AMZN) and Apple Inc. (NASDAQ:AAPL)

Jul 15, 2016 at 10:56 AM
facebook X logo linkedin


The 20 stocks listed in the table below have attracted the highest total weekly options volume during the past 10 trading days. Stocks highlighted are new to the list since the last time the study was run, and data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Two notable names of interest are retail stock Amazon.com, Inc. (NASDAQ:AMZN) and iPhone parent Apple Inc. (NASDAQ:AAPL).

Most Active Weekly Options July 15

Starting with AMZN, options traders at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) have shown a preference for long calls over puts in recent months, per the stock's top-heavy 50-day call/put volume ratio of 1.12. What's more, this ratio ranks in the 60th percentile of its annual range, meaning call options have been bought to open over put options at a slightly faster-than-usual clip.

Drilling down, it looks like standard July options -- which expire at tonight's close -- have been most popular over the past 10 sessions. Among weekly options, however, AMZN's weekly 7/22 760-strike call has seen one of the biggest open interest increases over this time frame. For those buying to open the calls, the goal is for the equity to rally north of $760 by expiration at the close on Friday, July 22.

On the charts, AMZN notched a record high of $757.34 on Tuesday, even with its #PrimeDayFail. While the shares of Amazon.com, Inc. have more recently been seen trading at $736, they remain almost 55% higher year-over-year.

Put buyers have bombarded AAPL's options pits in recent months. At the ISE, CBOE, and PHLX, for instance, the stock's 50-day put/call volume ratio of 0.74 sits just 2 percentage points from a 52-week peak.

Taking a look at the past two weeks' worth of activity, the stock's weekly 7/29 93-strike put has seen a substantial rise in open interest, with 13,044 contracts added. Considering the lifetime of these weekly puts encompasses Apple's Tuesday, July 26, earnings report, those purchasing new positions may be hoping for a repeat of recent history. Today, meanwhile, options traders appear to be buying to open AAPL's weekly 7/22 99-strike call, hoping for a breakout above $99 over the next week.

At last check, shares of Apple Inc. were up 0.1% at $98.92 amid broad-market tailwinds. Longer term, the stock is down 23% year-over-year. This negative price action has had upbeat analysts quickly changing their tune, and just this morning, Barclays lowered its price target on AAPL to $115 from $121. Considering 84% of brokerages still maintain a "buy" or better rating and the average 12-month price target stands at a lofty $123.17, the door is wide open for more bearish brokerage notes -- which could pressure the shares even lower.

Sign up now for Schaeffer's Market Recap to get all the day's big stock movers, must-know technical  levels, and top economic stories straight to your inbox.
 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI