Any clues about AAPL on the close?

A

Ayn Rand

AAPL was doing reasonable well during most of the day.

But something special happened on the close.

(prices may be off a bit - reading off a graph.)

Expiration on the weekly.

15:49 - 124.77
15:58 - 122.23 no massive vol to account for drop
until
15:59 over 17,300,000 shares trade at approximately 121.20.

The +17 million share trade at 15:59 is difficult for me to explain.

I do not have the data to determine if it was one trade or many
 
Ayn Rand said:
AAPL was doing reasonable well during most of the day.

But something special happened on the close.

(prices may be off a bit - reading off a graph.)

Expiration on the weekly.

15:49 - 124.77
15:58 - 122.23 no massive vol to account for drop
until
15:59 over 17,300,000 shares trade at approximately 121.20.

The +17 million share trade at 15:59 is difficult for me to explain.

I do not have the data to determine if it was one trade or many
More...

*raises hand*

My guess...Something to do with options expiry?
 
I appreciate that when options expire there is a lot more volatility. However, to pull off the AAPL close this Friday required exceptional skill and resources.

Although I don't know how it is done in detail and who does it, the price drop was not other worldly.

The puzzle for me is why anyone would sell 17,300,000 on the close at near the low of the day. The sale did influence the closing price but not by that much.

Had to get rid of the shares quick but why?
 
Ayn Rand said:
I appreciate that when options expire there is a lot more volatility. However, to pull off the AAPL close this Friday required exceptional skill and resources.

Although I don't know how it is done in detail and who does it, the price drop was not other worldly.

The puzzle for me is why anyone would sell 17,300,000 on the close at near the low of the day. The sale did influence the closing price but not by that much.

Had to get rid of the shares quick but why?
More...

Maybe the options guys have some insight on this one. Give them a shout out, see if they can see it.
 
Ayn Rand said:
AAPL was doing reasonable well during most of the day.
But something special happened on the close.

(prices may be off a bit - reading off a graph.)Expiration on the weekly.

15:49 - 124.77
15:58 - 122.23 no massive vol to account for drop
until
15:59 over 17,300,000 shares trade at approximately 121.20.
The +17 million share trade at 15:59 is difficult for me to explain.
%%

I do not have the data to determine if it was one trade or many
More...
%%
WELL its in the DOW\down. But good news is SDOW/DXD/dog=up.
Its a heavy QQQ % stock as well ......................................................... QQQ + MSFT had a fairly good close.
Easier to move one stock or 30 than 100
 
The brokerage house did a poor job of unloading 17,300,000 at close to the low of the day.

I understand wanting to move price on expiration day. But 17,300,000 at 15:59 was overkill.

Does anyone have the data to see the composition of the trade? Was it one block or other?
 
murray t turtle said:
%%
WELL its in the DOW\down. But good news is SDOW/DXD/dog=up.
Its a heavy QQQ % stock as well ......................................................... QQQ + MSFT had a fairly good close.
Easier to move one stock or 30 than 100
More...

Correct my good man
 
You must log in or register to reply here.
Back
Top