Apple Stock Options Go Wild: $1.3M YOLO Calls and Event-Week Chaos

How the trading floor really speaks about Apple. It's not all polished. Here is what they're probably saying Holy MOTHERF**KING SANTA! 

Look at this absolute CIRCUS of degenerate gambling! The options flow on the day of the iPhone event is more chaotic than my portfolio during earnings season!

Photo by Aaron Boucicault on Unsplash

The Absolute Mad Lads Are Going HAM:

 MASSIVE CALL BUYING:

• Some absolute unit dropped $1.3M on Jun '26 $260 CALLs! That's betting Apple hits $260+ by June 2026. This guy's either a genius or about to fund my Wendy's salary

• $648K into Jan '26 $175 CALLs - these are deep ITM, probably hedging or rolling positions

• Tons of $240 CALLs expiring THIS WEEK (Sep 12) - classic WSB lottery ticket behaviour

 Big PUT Hedging:

• Someone bought $807K worth of Sep 12 $237.5 PUTs - that's some serious "oh shit" protection right there

• Multiple $235 PUT sweeps totalling over $1M - smart money hedging their iPhone event bets

The Degenerate Analysis:

Short-term (This Week):

• Massive volume on $240 CALLs expiring Thursday (2 DTE)

• But also heavy PUT buying at $237.5 and $235 strikes

• This screams "I'm not sure which way this goes but I'm betting BIG"

Long-term Bullish Bets:

• That $1.3M bet on $260 CALLs for June 2026 is INSANE - betting on 11% upside over 9 months

• Multiple $245-250 CALL spreads for 2026

What This Tells Us:

The smart money is basically saying "Apple could moon OR tank after this event, so we're betting both ways but leaning slightly bullish long-term." Classic straddle/strangle plays mixed with some absolutely degenerate YOLO calls.

The fact that someone dropped over a million on deep OTM calls tells me either:

1. They know something we don't

2. They're about to lose their wife's boyfriend's house

Either way, this volatility is BEAUTIFUL for us options degenerates!

Time to grab some popcorn and watch these bets either print tendies or create some legendary loss porn! Disclaimer: The content above is provided for educational and entertainment purposes only and should not be construed as financial advice. Options trading involves significant risk and is not suitable for every investor. Past performance is not indicative of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions. Alpesh Patel OBE www.campaignforamillion.com