Susquehanna options strategists Alison Edwards notes bullish options activity in Apple (NASDAQ: AAPL) ahead of the company's earnings announcement after the close, as an opening investor bought ~21,000 May 155 Calls, potentially target 5% more upside in the shares by mid-May.

Options Trader Talk

Apple (AAPL) PT Raised to $130 at Deutsche Bank Following 2QMay 3, 2017 10:20 AM BMO Capital Reiterates Outperform on Apple (AAPL) Following Mixed 2Q May 3, 2017 7:54 AM Apple (AAPL) 30-day call option implied volatility of 21 compares to volatility of 19 from a month into Q2May 2, 2017 1:08 PM Wall St. eyes Apple and Facebook to fuel new leg of tech rallyMay 2, 2017 12:52 PM Apple (AAPL) May weekly 148 straddle priced for movement of 3.4% into Q2, compared to 4.5% into OctoberMay 2, 2017 12:08 PM Despite record highs, fund managers globally remain underweight AppleMay 2, 2017 11:52 AM Apple (AAPL) call put ratio 1.56 calls to 1 put as weekly volatility increases as shares near record high into Q2 EPS May 2, 2017 11:00 AM Active options: AMD AAPL FB TWTR BAC MSFT TSLA AMZN NVDA FTR F VRX MU BABA May 2, 2017 9:41 AM Wall Street edges up on heavy earnings day; Fed on tapMay 2, 2017 7:22 AM Wells Fargo Says To Expect A Solid Report From Apple (AAPL)May 2, 2017 6:36 AM Apple (AAPL) May weekly 147 straddle priced for movement of 3.4% into Q2 EPSMay 2, 2017 5:35 AM Options expected to have increasing volumeMay 2, 2017 5:13 AM Apple (AAPL) May weekly 146 straddle priced for movement of 3.4% into Q2 EPSMay 1, 2017 4:00 PM Active options: AAPL FB BAC AMD TWTR TSLA AMZN NFLX MSFT X MU INTCMay 1, 2017 3:45 PM Apple (AAPL) Investors Await a Minimum 10% Dividend Hike, $25-$35B Repurchase Addition and News on RepatriationMay 1, 2017 12:20 PM Drexel Hamilton Reiterates Buy Rating and $185 PT on Apple (AAPL) Ahead of F2Q Report; 'Seasonal Doldrums but Capital, Valuation & iPhone 8 to Support'May 1, 2017 10:38 AM Evercore ISI Sees Analog Devices (ADI) Possibly Losing Apple (AAPL) Business, Texas Instruments (TXN) To Relatively OutperformMay 1, 2017 9:56 AM Active options: AAPL FB TWTR BAC AMZN MSFT AMD May 1, 2017 9:49 AM U.S. factory activity slows; inflation pressures subsideMay 1, 2017 8:40 AM Apple, tech lift Wall Street as Nasdaq sets recordMay 1, 2017 7:12 AM Apple (AAPL) volatility increases as shares near record high into Q1 EPS and outlookMay 1, 2017 6:29 AM Cowen Reiterates Outperform Rating and $155 PT on Apple (AAPL) Ahead of FQ2 Report; 'Better iPhone ASP on Continued Strong Shift Toward 7+'May 1, 2017 6:25 AM Qualcomm (QCOM) Says Apple (AAPL) Continues to Improperly Interfere with Agreements with Contract ManufacturersMay 1, 2017 6:00 AM Options expected to have increasing volumeMay 1, 2017 5:18 AM Wall Street gains buoy stocks in light May Day trading; oil fallsApril 30, 2017 8:42 PM Qualcomm (QCOM) PT Lowered to $55 at RBC CapitalApril 30, 2017 2:49 PM Apple, Tesla ask California to change proposed self-driving car test policyApril 28, 2017 2:06 PM Apple (AAPL) asks California to make changes in its proposed self-driving car testing policies - Reuters, citing company letterApril 28, 2017 2:01 PM Foxconn plans U.S. investment, plans not finalized: Chairman GouApril 28, 2017 12:41 PM Qualcomm (QCOM) Lowers Guidance, Says Apple Continues to Improperly Interfere with Agreements April 28, 2017 7:34 AM Apple (AAPL) call put ratio open interest 1.25 calls to 1 put into Q2 EPS and outlookApril 28, 2017 6:31 AM Apple (AAPL) volatility increases as shares near record high into Q2 EPS and outlookApril 28, 2017 6:23 AM Foxconn plans 'capital-intensive' U.S. investment-Chairman GouApril 28, 2017 12:59 AM