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APPLE INC.

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Single stock options worth $1.2 trillion set to expire - Options Solutions

01/21/2022 | 09:42am EDT
FILE PHOTO: A Wall Street sign hangs on a signpost in front of the New York Stock Exchange

(Reuters) - Single stock options totaling about $1.28 trillion were set to expire on Friday, potentially driving sharp market movements as Wall Street rounds out a turbulent week, analysts at Options Solutions said.

The options expiration represents nearly 40% of the total open interest on a notional basis, according to the Chicago-based investment adviser.

The main U.S. stock indexes ended sharply lower on Thursday as a rally evaporated late in the session with investors contemplating whether equities were bargains after Nasdaq fell into correction territory this week.

"(The) options expiration could be another risk factor because it is so unusually large which could magnify the impact of investors adjusting expiring puts and calls," said Steve Sears, president at Options Solutions.

U.S. stocks have seen intense selling towards the end of the session this month, analysts at Bespoke Investment Group noted, adding that January was averaging one of the worst performances in the last hour on record.

The net options delta set to expire on Jan. 21 is over $2 billion, said Brent Kochuba of options analytic service SpotGamma.

Among stocks that have very large call positions expiries and could likely see wild swings were Apple Inc, Microsoft Corp, Amazon.com, Tesla Inc, Meta Platforms and Google-parent Alphabet, SpotGamma said.

(Reporting by Medha Singh in Bengaluru; Editing by Saumyadeb Chakrabarty)

By Medha Singh


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -0.16% 2116.1 Delayed Quote.-26.96%
APPLE INC. 0.11% 140.52 Delayed Quote.-20.87%
LONDON BRENT OIL 0.44% 114.87 Delayed Quote.45.50%
META PLATFORMS, INC. 1.41% 183.83 Delayed Quote.-45.35%
MICROSOFT CORPORATION 1.12% 262.52 Delayed Quote.-21.94%
NASDAQ COMP. 1.51% 11434.74 Real-time Quote.-28.00%
S&P 500 0.95% 3978.73 Real-time Quote.-17.30%
TESLA, INC. 4.88% 658.8 Delayed Quote.-37.66%
WTI 0.40% 111.258 Delayed Quote.45.58%
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Analyst Recommendations on APPLE INC.
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Financials (USD)
Sales 2022 394 B - -
Net income 2022 99 837 M - -
Net cash 2022 63 669 M - -
P/E ratio 2022 22,9x
Yield 2022 0,64%
Capitalization 2 274 B 2 274 B -
EV / Sales 2022 5,61x
EV / Sales 2023 5,24x
Nbr of Employees 154 000
Free-Float 99,9%
Chart APPLE INC.
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Apple Inc. Technical Analysis Chart | AAPL | US0378331005 | MarketScreener
Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 45
Last Close Price 140,52 $
Average target price 188,36 $
Spread / Average Target 34,0%
EPS Revisions
Managers and Directors
Timothy Donald Cook Chief Executive Officer & Director
Luca Maestri Chief Financial Officer & Senior Vice President
Arthur D. Levinson Independent Chairman
Kevin M. Lynch Vice President-Technology
Jeffrey E. Williams Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
APPLE INC.-20.87%2 274 342
XIAOMI CORPORATION-40.63%35 596
WINGTECH TECHNOLOGY CO.,LTD-48.11%12 495
SHENZHEN TRANSSION HOLDINGS CO., LTD.-46.72%10 015
FIH MOBILE LIMITED-27.21%1 006
DZS INC.4.99%470