Apple and Amazon report after the bell. Here's what the options market is saying

📰 source: cnbc_topnews · 💼 business

apple and amazon report after the bell today, and the options market is sending mixed signals. apple's options are pricing a 3.4% move, more than double its median post-earnings move. while $470 million of $634 million in options premium was tied to calls, much of it was calls sold, making net trade sentiment slightly bearish. the most popular contract was the 330-strike puts, needing a 3% drop.

amazon, flat on the year, sees a 6.6% expected move. net trade sentiment was positive by almost $3 million, even though most premium was in puts. traders appear to be selling that volatility. last week alphabet and tesla fell together; microsoft rallied while meta fell. the pattern of split results could repeat.

why it matters: options market shows bearish lean for apple, bullish for amazon, signaling potential divergence after earnings.

source: cnbc_topnews
sentiment: +0.00 · impact: 0.90