Aug 6, 02:50 PM

Apple Inc. shares surged as much as 5.8% in New York trading on Wednesday, marking their sharpest intraday advance since May 12. The rally began in the pre-market session, when the stock was already up 1.6%, and gathered pace throughout the morning. Traders pointed to heavy call buying for August contracts, with net options delta rising to about 4.5 million shares, as a key driver of momentum.
Written with ChatGPT .
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