Apache Corporation (APA, Financial) has experienced a significant uptick in bullish options trading. A total of 5,189 call contracts have changed hands, aligning with expected trading levels, and pushing implied volatility up by nearly 3 percentage points to 90.90%.
The standout options in this activity are the weekly 5 calls expiring on April 11 and the September 2025 20 calls, which together account for roughly 2,100 contracts. These strikes dominate the trading volume, suggesting strong investor interest in these specific options.
The Put/Call Ratio sits at a low 0.25, indicating a predominant bias towards calls over puts. Investors are also looking ahead to Apache's upcoming earnings report, anticipated on May 7th, which could further influence trading sentiment.
