A $10.1M Earnings Run?

Diversification propelled my trading yesterday despite the end-of-day fade… but could that fade create an earnings run for this stock today?

About $10.1M in option premium is betting on THIS stock going higher today!

That’s quite the bet on an earnings run, wouldn’t you agree?

Ticker Code Ticker Name Ticker Industry Price Change Average Volume (50)*
NIO Nio Inc – ADR Auto Manufacturers 53.65% 165,142,892
SMTI Sanara Medtech Inc Surgical appliances and supplies 3.46% 5,009
INO Inovio Pharmaceuticals Inc Biotechnology 56.08% 47,363,228
GNUS Genius Brands International Inc Entertainment -255.44% 69,798,354
VXRT Vaxart Inc Biotechnology 82.67% 40,698,918
SPCE Virgin Galactic Holdings Inc Aerospace & Defense 36.38% 19,827,060
IBIO Ibio Inc Biotechnology 72.16% 32,154,320
NVAX Novavax, Inc. Biotechnology 68.26% 7,891,998
NJMC New Jersey Mining Company Gold and Silver Ores 38.71% 147,293
MRNA Moderna Inc Biotechnology 25.07% 24,953,645
TSLA Tesla Inc Auto Manufacturers 44.89% 14,871,497
SRNE Sorrento Therapeutics Inc Biotechnology 53.88% 27,523,882
BOXL Boxlight Corp Communication Equipment 63.64% 26,855,349
AMZN Amazon.com, Inc. Internet Retail 21.59% 5,165,126
AAPL Apple Inc. Consumer Electronics 16.93% 36,195,082
SPOT Spotify Technology SA Internet Content & Information 34.21% 4,046,991
LCA LANDCADIA HOLDI/SH CL A Conglomerates 31.41% 3,508,422
WFC Wells Fargo & Co Banks – Diversified -15.34% 52,644,473
DLPN Dolphin Entertainment Inc Entertainment -60.78% 5,198,591
UAVS Ageagle Aerial Systems Inc Aerospace & Defense 49.19% 15,143,464

I’ve dug through stocks which are on high radar at Wirehouses, month-to-date.

With earnings expected to drop on July 30 and being a technology juggernaut, it may come as no surprise that option players have poured over $10M into unusual call option sweeps on Apple (NYSE: AAPL) over the course of the past week.

Remaining on surveillance at Wirehouse firms, after yesterday afternoon’s pullback in the tech sector, there’s a chance AAPL could be setting up for an upward move ahead of earnings on July 30.

Just so you know, according to my proprietary software, one option player recently threw down $884,000 on a bet that Apple would trade at or above $430 by August 21…

AAPL Daily Chart

Currently trading at $389, I believe a price target of $430 may be a little aggressive, but after yesterday’s quick pullback in the technology sector, I’ll be considering placing a bullish bet on Apple, looking for a run-up ahead of earnings on July 30.

Apple currently has short-term support at $387. Should it catch a bounce to the upside, I’ll initially turn to my paid software as it sniffs out the highest probability option contracts to be traded every single day.

And if I make a move on Apple, I’ll be sure to let you know.

Davis Martin
America’s #1 Options Trader

Disclaimer: This is not investment advice. This article is for information purposes only and opinion-based on financial advisor data across a selection of websites. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions.

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