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Apple’s unusual trading points to options explosion and Reddit boards

The up and down moves in Apple shares have been accompanied by a few of the hallmarks of the “meme stock” craze this year

Financial Times
©The Financial Times Limited 2020 Dec 3, 2021 / 11:54 AM IST
All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.
Apple’s unusual trading points to options explosion and Reddit boards

Eric Platt and Madison Darbyshire in New York Puzzling activity in Apple shares this week has strategists pointing to a possible cause: an explosion of trading in options linked to one of the world’s most valuable companies. As the US stock market sank on news of the spreading Omicron coronavirus variant, shares of Apple levitated mysteriously. And as the market later found its footing, Apple slid sharply on a news report that demand for its flagship iPhone was slackening. The moves have been...

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    Moneycontrol Pro Panorama | Falling oil prices music to India’s ears

    Dec 3, 2021 / 02:05 PM IST

    In today’s edition of Moneycontrol Pro Panorama: The Weekly Tactical, Karur Vysya Bank makes a point, jobs are back but, Ather throws down the EV gauntlet, founder CEOs in a tight spot, Personal Finance, behind Apple stock's unusual move and more

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