Schaeffer's Trading Tools to Build Your Portfolio: A High SOIR on Apple (AAPL)

In last week's edition of Trading Tools, we analyzed natural gas giant Chesapeake Energy Corporation (NYSE: CHK), after the Zacks Most Active Options screener revealed action on the stock. Today, employing the Zacks Put/Call Ratio Above 1.0 filter, a different equity was thrust into the limelight: gadget guru Apple Inc. (NASDAQ: AAPL).

Sentiment on Apple

The Schaeffer's put/call open interest ratio for AAPL comes in at 1.32, as put open interest among options slated to expire in less than three months outnumbers call open interest. What's more, this reading is sitting an annual peak, indicating that short-term options players have not been more pessimistically aligned toward the shares at any other time during the past 12 months.

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