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Options Trading Activity: Apple (NASDAQ:AAPL)

Options Trading Activity: Apple (NASDAQ:AAPL) Options traders were heavily trading options contracts during Tuesday's session establishing a new 3-month volume record for shares of Apple. A total of 537,662 Put and 886,335 Calls were traded equating to a 0.61 put/call ratio (PCR). Investors use options to manage risk and to speculate on price changes. Options can provide significant leverage if the stock moves in the right direction but also end up worthless if it does not. Unusual volume provides reliable clues that the stock is expected to make a move. Investors can use the PCR statistics to measure trader sentiment. A high PCR suggests that the overall investment sentiment is Bearish and that investors expect the underlying stock to decrease in value. A low PCR implies that investor sentiment is Bullish based on the large amount of call options. Apple finished trading at 656.06, -9.09 (1.37%) in Tuesday's trading session. The daily low was 650.33 and the high 674.88. Volume: 28-M is above the average 90 day volume of 14-M shares. AAPL is trading above its 50 and 200-Day Moving Average. The technical momentum Relative Strength Index indicator shows overbought conditions in here. The stock's 52 wk low is 354.24 and 52 wk high is 665.15. To date, the stock has gained 19.01% within the last Quarter. AAPL has a P/E ratio of 15.63 and a dividend yield of 0.40%. 1 yr price target estimate: 726.57 Analysts recommendation: Buy Analysis Overall Short Intermediate Long Bullish (0.39) Bullish (0.39) Bullish (0.48) Bullish (0.31) Recent CandleStick Analysis Neutral Date Candle 15 Aug 2012 DOJI Open Gaps Direction Date Range up 20 Aug 2012 648.19 to 649.9 up 17 Aug 2012 636.76 to 638.81 up 13 Aug 2012 621.76 to 623.25 up 3 Aug 2012 610.69 to 611.56 up 31 Jul 2012 599.44 to 602.72 up 30 Jul 2012 585.83 to 587.82 Support and Resistance Type Value Conf. resis supp NIL 649.13 3 supp 637.36 8 supp 622.50 2 supp 614.76 8 supp 603.52 2 supp 598.85 6 supp 593.21 2 supp 587.28 8 supp 580.74 2 supp 573.66 3 supp 569.05 2 supp 560.63 4 supp 530.12 2 Technical Indicators Ind. Short Inter Long EMA VBu VBu VBu MACD N VBu VBu RSI VBu TDD Bu Fibs VBu Be Bu Highs N Be VBe Lows Bu VBu N Trends Bu N N Stoch. VBu VBu=Very Bullish, Bu=Bullish N=Neutral Be=Bearish, VBe=Very Bearish