AAPL reported Q2 results after the close today. iPhone sales hit $57B. Europe revenue alone came in at $28.1B. The headline grabber: a $100B share buyback and a dividend hike to $0.27. Call options flooded in immediately after the report. The May 1 expiry was the most active contract as bulls bet the rally holds.
CHKP lowered its full-year revenue guidance to $2.77B–$2.85B. That is down from its prior range of $2.83B–$2.95B. Q2 sales guidance also came in below estimates. The cybersecurity firm kept its EPS outlook intact but the revenue miss weighed on sentiment.
Brent crude spiked to $126 on Hormuz Strait fears before pulling back. That lit up energy options. DVN is up nearly 40% year-to-date. HAL has gained 48% YTD. Both carry strong bullish options flow. Analysts also lifted targets on , lifting the consensus to $166.90 — an 11% jump in a single session.
CUE is in the middle of a short squeeze. Short interest collapsed 83% in one week. Cost to borrow surged 158% to 12.6% with utilisation hitting 93%. Meanwhile, RBLX tanked after Q1 earnings disappointed. Short sellers had been building in both names — bears got it right on Roblox, wrong on Cue.
AMD, DIS, and UBER all report this week. AMD's AI commentary will be closely watched. XOM and CVX report Friday amid volatile crude prices.
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