Options Market Statistics: Apple Shares Close at Record High After Company Unveils AI Software, Options Pop
News Highlights
$Apple(AAPL.US$ shares ended 7.26% higher. Its options trading volume was 4.4 million. Call contracts account for 66% of the total trading volume. The $200 calls expiring June 14 were traded most actively.
Apple shares closed up 7% to a new record high of $207.15 per share on Tuesday, a day after the company announced its long-awaited push into artificial intelligence at its annual developer conference on Monday.
Apple introduced a range of new AI features during the event, including an overhaul of its voice assistant Siri, integration with OpenAI's ChatGPT, a range of writing assistance tools and new customizable emojis. The company pitched the features as AI for the average person, though users will likely need to upgrade their iPhones to access the tools.
With Tuesday's share move, Apple bested its previous record from Dec. 14. The company's developer conference came as a welcome sign for investors who have been watching to see how Apple will capitalize on the ongoing AI boom.
Analysts from Morgan Stanley said Apple's AI features strongly position the company with "the most differentiated consumer digital agent." Additionally, the analysts believe that the features will drive consumers to upgrade their iPhones, which should "accelerate device replacement cycles."
They said Apple will still have to deliver when the AI features are first available in the fall, but they think the "building blocks are in place for a return to growth and more sustained outperformance."
$Oracle(ORCL.US$ shares ended 0.5% lower. Its options trading volume was 0.26 million. Call contracts account for 52% of the total trading volume. The $120 puts expiring June 14 were traded most actively.
Oracle shares jumped as much as 11% in extended trading on Tuesday after the software maker announced cloud deals with Google and OpenAI, despite fourth-quarter results that fell short of Wall Street expectations.
$Marathon Digital(MARA.US$ shares ended 1.9% higher. Its options trading volume was 0.25 million. Call contracts account for 75.7% of the total trading volume. The $21 calls expiring June 14 were traded most actively.
Unusual Stock Options Activity
There was a noteworthy activity in $Apple(AAPL.US$, where multiple puts have topped volume to open interest ranking. The highest volume over open interest ratio reaches 125.6x with nearly 111,560 contracts.
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Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, The Guardian, Bloomberg
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Zamm :
Paul Anthony Chin : tq Sir God bless All you need to soon
Amen 