Apple Inc. (AAPL) has seen significant activity in its options market, with its 30-day implied volatility at 21, compared to its 52-week range of 16 to 31. The share price has risen to $212. Nearly $20 million in call premiums were bought within 90 minutes, and a buyer purchased 10,000 January $320 calls at 0.94 to 0.96, along with 32,965 November $245 calls at $4.35. Additionally, Apple is forming a flag pattern at its highs above a golden cross. Apple has been a top trade over the past two weeks. Meanwhile, Microsoft Corp. (MSFT) has also experienced substantial options trading. A large roll trade involved the purchase of 20,000 November $510 calls at $9.50, as the October $460 calls adjusted up and out. Another buyer acquired 51,000 August $420 calls at $35.99, adjusting the $375 calls. One investor reported being up $50k+ on their MSFT calls. Investors have been actively adjusting and rolling out their positions in these tech giants.