AAPL: New All Time Highs Expected

While there were numerous bullish trades placed on AAPL options throughout the day on Friday, March 3, several of them stand out. Somebody made an impressive $1m bet on April 130 and August 140 calls on Friday at 11:12am. The volume was larger than the open interest, which indicates that these calls were first bought on Friday.

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AAPL stock has been steadily rising after the company’s announced a strong earnings report in a typical PEAD pattern. It was further boosted by the news that Warren Buffett made a significant investment into the company and then more than doubled his initial stake last week.

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