Chart of the Day: Apple Gets Bullish New Price Target Courtesy of Option Flow

Some stocks, like Apple (AAPL) and NVIDIA (NVDA) , seem to get all the attention these days.

There is hardly a moment when these and other Magnificent Seven names are not talked about in the financial media, scrutinized tooth n' nail about their earnings, revenue models and future projects. In addition, there is the endless question of "why isn't the stock going higher everyday as it should?" (sarcasm).

Of course, with Apple up about 10% on the year, one might think it is a bust.

But frankly, we see this current period as a positive, where big money is probably buying into the stock at this very moment (see the pump up in money flow at the bottom of the chart). If there is one thing we have learned through the years it is to follow the big money either in or out. In the case of Apple, there have been good money flows recently, even as the stock corrected from recent highs. Also, there is bullish option flow into March 2026 that indicates investors/traders are looking for this stock to move past $300 in the new year.

Indicators are mostly bearish here but it is more likely due to some froth being wiped off the stock from a recent run up. That is gone now, bulls can start focusing on this name again.

With the holiday season ramping up and then coming to a close in a fortnight, we could see Apple make a stand here at the $270 level and run hard to recent all-time highs. That seems like a lot of heavy lifting, but a 6% move up over a couple of weeks is hardly anything significant for this stock.

We like Apple and rate it a two in TheStreet Pro Portfolio, stockpile on pullbacks.

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At the time of publication, TheStreet Pro Portfolio was long AAPL and NVDA.