Since the blackout period for buybacks ended after earnings last week, Apple shares have found a dip-buyer every day willing to lift the stock off its lows and close it at its highs... after a disappointing earnings call and outlook, the stock is up almost 7%, breaking above $150 and topping $800 Billion market cap for the first time ever...

Apple shares briefly surpassed a price of $153.44 a share, and with Apple's 5.214 billion shares outstanding, according to its latest quarterly report, that makes its total market capitalization just over $800 billion.

Today's 3% meltup is apparently because Warren Buffett also praised the company, calling the iPhone "a very, very, very valuable product."

Notably Apple's call options are the most-traded listed contracts in the US today...

• ~64k May 12th $152.50 calls changed hands vs open interest of ~8.4k
• ~44k May 12th $150 calls changed hands vs open interest of ~17k
• ~40k May 12th $155 calls changed hands vs open interest of ~6k
• Today’s total call volume is 2.4x the 20-day average

Buybacks bit**es...?

And bear in mind that Apple issued $7 bn in debt last week - get back to work Mr. Cook!