AAPL: Call Buying Continues

Investors and traders remain bullish on AAPL. There were numerous long trades placed on AAPL today. The largest 2 option transactions were registered at 10:17am and 10:27am today each involving a purchase of 30’000 June 145 calls. Most likely these trades were placed by the same large institutional buyer who committed almost $20m into this bullish bet.

Screen Shot 2017-03-06 at 12.15.16 PM

The 5minute chart of AAPL shows the the stock price has found a support around 138.5 level. Also, the chart appears to form a bullish wedge formation.

Screen Shot 2017-03-06 at 12.17.57 PM

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