Apple (AAPL) and ServiceNow (NOW) are experiencing significant options trading activity today, with volumes representing over 50% of their respective average daily stock trading volumes. Notably, high interest is concentrated in the long-dated August 2025 $230 call options for AAPL and the August 2025 $840 put options for NOW, indicating substantial directional positioning or hedging strategies by market participants in these major technology stocks.
Apple (AAPL) and ServiceNow (NOW) are exhibiting unusually high options market activity, with total contract volumes accounting for 55.6% and 53.5% of their respective average daily share volumes. This elevated activity signals significant investor focus and positioning. For Apple, the concentration of volume in the August 29, 2025, $230 strike call options, with 31,487 contracts traded, points to a substantial bullish bet or hedging strategy predicated on the stock's price exceeding $230 over the next year. Conversely, ServiceNow is seeing a notable concentration in the August 29, 2025, $840 strike put options. While the absolute contract volume of 667 is smaller, its prominence suggests a targeted bearish or protective stance, anticipating the stock's price could fall below $840 within the same timeframe. The long-dated nature of both of these high-volume positions indicates that market participants are establishing strategic, medium-term outlooks on these specific technology names, rather than reacting to short-term volatility.
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