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Apple, Amazon Earnings Loom: Options Market Signals Mixed Bets Ahead of Report
MarketsНовость3 мин чтенияИИ-ассистент

Apple, Amazon Earnings Loom: Options Market Signals Mixed Bets Ahead of Report

Apple and Amazon report earnings after the bell, with options traders pricing sharp moves and mixed sentiment following a volatile week for big-tech results.

30 июля 2026 г.Источник: cnbc.com ↗

Apple and Amazon are set to report earnings after the bell, with results likely to determine whether the stock market can close a rough week on solid footing.

The report comes after a string of mixed big-tech earnings reactions. Last week, Alphabet and Tesla fell together following their results, while Microsoft rallied and Meta fell after reporting the previous night. Apple and Amazon have moved in different directions so far this year, and options flows ahead of their reports are similarly mixed.

Apple: Bearish Lean After Volatile Week

Apple is up 25% year to date, hitting records and rallying 7% since the S&P 500 peaked on June 2. Options traders are bracing for a bigger-than-usual move on earnings, with implied volatility pricing a 3.4% swing after the report — more than double the stock's median 1.5% move following its past four reports.

Options flows were leaning bullish at the start of the week, but early gains in Apple shares reversed as the broader stock market sold off Wednesday, and options traders took a more bearish stance in the stock.

  • More than $470 million of the $634 million in options premium on Apple Wednesday was tied to calls, but much of it involved calls being sold.
  • Net trade sentiment in the options leaned slightly bearish, according to data from SpotGamma and Barchart.
  • The most popular contract expiring Friday by volume Wednesday was the 330-strike puts, which would require a more than 3% drop to pay off.

Amazon: A More Optimistic Tilt

Amazon, exactly flat on the year, shows traders looking somewhat more optimistic. Most of the $615 million in options premium was tied to puts Wednesday, but traders appeared more likely to sell that volatility than buy it. Net trade sentiment was positive by almost $3 million and 100,000 deltas, according to Barchart analysis.

Traders expect a 6.6% move after Amazon's earnings, compared with the median 7% move seen over the past four quarters, according to Cboe LiveVol data.

Source: CNBC

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