--- title: "Apple options: Nov. 27 $367.5 call prints 9,359 contracts in one trade, 28.53 times its open interest" type: "News" locale: "en" url: "https://longbridge.com/en/news/305533861.md" description: "Apple's put/call ratio of 1.08 sits just above its 20-day average of 1.02, and put open interest is also above baseline. Two screened trades landed one on each side; the Nov. 27 $367.5 call traded 28.53 times its open interest." datetime: "2026-11-14T06:11:40.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/305533861.md) - [en](https://longbridge.com/en/news/305533861.md) - [zh-HK](https://longbridge.com/zh-HK/news/305533861.md) generator: "portal-rs" --- # Apple options: Nov. 27 $367.5 call prints 9,359 contracts in one trade, 28.53 times its open interest $Apple(AAPL.US)$ options traded 1,405,700 contracts on Friday, Nov. 13, 1.07 times the 20-day average of 1,313,600. The put/call ratio finished at 1.08, above its 1.02 average. Calls totalled 676,700 contracts and puts 729,000. Total open interest (OI) reached 5,686,600 contracts, 1.12 times the 5,090,200 average; the put/call OI ratio of 0.91 was above its 0.86 average. ## The large trades Two trades cleared the screen: contract volume of at least 5,000, premium of at least $1 million, a volume-to-open-interest ratio of 2.0 or higher, 7 to 90 days to expiration and an absolute delta from 0.15 to 0.80. The screened universe held 120 contracts across 4 expiries, with strikes from about 5.3% to 10.2% away from the close on either side. It returned one put carrying $3.39 million in premium and one call carrying $1.99 million. Each side registered a hit, and two fills are too few to describe the flow as one-sided. ## Trades worth flagging | Contract | Full-session volume | Largest print | Open interest | Vol/OI | Premium | Side | | ------------------- | ------------------- | ------------- | ------------- | ------ | ------- | ---------- | | Nov. 20 $355 put | 11,202 | 400 | 4,521 | 2.48 | $3.39M | at the ask | | Nov. 27 $367.5 call | 10,441 | 9,359 | 366 | 28.53 | $1.99M | at the bid | The Nov. 27 $367.5 call sits on a thin base of open interest, just 366 contracts, so full-session volume of 10,441 was 28.53 times the existing book. That points to newly opened exposure rather than a rotation of existing positions, and the next session's open interest will confirm it. The sample was the final 198 prints, covering 9:30 a.m. to 3:54 p.m. ET and 100% of the day's volume, of which 98% went off at the bid. One print of 9,359 contracts accounted for nine-tenths of the session, so the directional split rests almost entirely on that one trade. The $355 put traded 2.48 times its open interest, also consistent with newly opened positions. Its sample was the final 1,000 prints, covering 10:09 a.m. to 3:59 p.m. ET and 68% of the session's volume. Direction was split down the middle, 49% at the ask and 51% at the bid. There were 28 prints of 50 contracts or more, and the three largest all went off at the ask. Volume was heaviest from 9:30 to 10 a.m. ET, 27% of the session. ## Open interest and volatility Within the screened range, call open interest is heaviest at the $365 strike (67,930 contracts) and $360 (58,935); put open interest clusters at $350 (36,355) and $340 (35,122). Both sides have built size from $350 to $365, the range the options market is pricing around. 30-day at-the-money implied volatility (IV) finished at 21.9%, below the 27.5% historical volatility on the same contracts. Using the 85% straddle convention, straddle pricing on the Dec. 18 expiry implies a move of roughly ±4.6%, or a band of $340 to $373. ## How to read this, and how not to A large call trade is not, by itself, evidence that institutions are bullish. The same fill can come from a covered-call writer, one leg of a spread, or a hedge against a long stock position. Direction needs at least three confirmations: whether the trade went off at the bid or the ask, whether open interest rises the following session, and whether the opposing strike saw size at the same time. This article reports publicly available trade data and the screen used to select it. It is not investment advice. Source: publicly reported U.S. options trades. Coverage window: regular U.S. trading hours, Nov. 13, 2026. Universe: 4 expiries from 7 to 90 days out (Nov. 20 to Dec. 18), strikes within about ±5.3% to ±10.2% of the close, 120 contracts. Screen: contract full-session volume of at least 5,000 contracts, premium of at least $1 million, volume-to-open-interest ratio of 2.0 or higher, 7 to 90 days to expiration, absolute delta between 0.15 and 0.80. ### Related Stocks - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) ## Related News & Research - [Apple announces release dates for the first Apple Home Collection smart devices](https://longbridge.com/en/news/305485682.md) - [Apple Intelligence AI service registers with Chinese regulator for use on tablets, laptops](https://longbridge.com/en/news/304845498.md) - [Ameren (AEE) Could Be 2% Undervalued Following Earnings Beat And 2027 Outlook](https://longbridge.com/en/news/305560366.md) - [Is Toast (TOST) Reasonable After Its 141% Three Year Run?](https://longbridge.com/en/news/305559209.md) - [Enphase Energy (ENPH) Could Be 36% Below Fair Value As Earnings Estimates Fall](https://longbridge.com/en/news/305558673.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**