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Trump trade: Bitcoin hit record highs and Tesla hits $1 trillion market cap
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Options Market Statistics: Apple Shares Closed Just Below Its All-Time High as Weak iPhone Demand Started to Ease; Options Pop

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Options Newsman joined discussion · Oct 16 08:42
News Highlights
1. $Apple (AAPL.US)$ stock rose 1.1% to $233.85 on Tuesday, a bit below its highest closing price since reaching an all-time high of $234.82 on July 16. On Tuesday, Apple also announced a new iPad Mini that is more affordable than other iPad models and also provides access to Apple Intelligence.
J.P. Morgan analyst Samik Chatterjee rates Apple as Overweight with a $265 price target. According to the firm's Apple Product Availability Tracker, the time it takes for deliveries of the higher-priced Pro Max models has come down, but less than in previous iPhone cycles, he wrote in a Sunday research note. That finding has corroborated his view that the initial weakness in iPhone 16 demand was "an aberration."
2. $Trump Media & Technology (DJT.US)$ closed down sharply Tuesday on a wild day in which trading was abruptly stopped midafternoon due to volatility. Nasdaq cited trading volatility as the reason for the halt. More than 86 million shares traded hands on Tuesday, according to the NYSE website, far higher than the typical day for DJT stock.
Options Market Statistics: Apple Shares Closed Just Below Its All-Time High as Weak iPhone Demand Started to Ease; Options Pop
Unusual Stock Options Activity
There was a noteworthy activity in $Zillow-C (Z.US)$, with $66 calls topping the highest volume to open interest ranking. The highest volume over open interest ratio reaches 139.1x with 19,475 contracts.
Options Market Statistics: Apple Shares Closed Just Below Its All-Time High as Weak iPhone Demand Started to Ease; Options Pop
Daily Active Index & Sector ETF Options
Options Market Statistics: Apple Shares Closed Just Below Its All-Time High as Weak iPhone Demand Started to Ease; Options Pop
Source: Barchart, Unusual Whales, The Guardian, Bloomberg
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