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Why Apple, Amazon Could See Big Upside After Earnings

Apple Inc (NASDAQ: AAPL) and Amazon.com, Inc. (NASDAQ: AMZN) are scheduled to report quarterly earnings on Thursday.
byPriya Nigam
July 28, 2022
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Apple Inc (NASDAQ:AAPL) and Amazon.com, Inc. (NASDAQ:AMZN) are scheduled to report quarterly earnings on Thursday.

On CNBC’s “Options Action,” Michael Khouw of Optimize Advisors said that the options market is implying a move of about 3.8% after Apple reports earnings versus the average of 3.7% over the last eight quarters. The call buyers exceeded the put buyers, he added.

Check out other tech stocks making moves in the premarket.

The options market implied a bigger move in Amazon’s stock, Khouw said. Traders are betting that the stock will move 6.5% after the company reports earnings, he added.

AAPL, AMZN Price Action: Shares of Apple rose by 3.42% to settle at $ 156.79 on Wednesday, while Amazon’s stock climbed 5.37% to close at $120.97.

 
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