Apple Could Swing $170 Billion In Value After Earnings – Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN), M
Earnings are back in the driver’s seat on Thursday, with a Benzinga-selected slate that ranges from regulated utilities to mega-cap tech and payments. With guidance and segment commentary often moving stocks as much as the headline numbers, the options market offers a real-time read on how much volatility traders are bracing for, according to Benzinga Pro.
The marquee name on this list is Apple Inc., but the biggest implied move is saved for the final section as the countdown runs from the calmest setup to the most volatile.
6. The Southern Company | Mkt Cap: $108B | Implied Move: 3.04%
Benzinga Pro data show options are pricing in a 3.04% move around the print — the smallest implied swing in this Benzinga-selected group — but that still translates to $3.28 billion of market value at stake.
Shares have rallied in 2026, up 11% year-to-date and trading 3.9% above the 200-day moving average.
5. Apple Inc. | Mkt Cap: $5T | Implied Move: 3.42%
According to Benzinga Pro, the options market is implying a 3.42% move, with roughly $170 billion of market value at stake given Apple’s $4.98 trillion market cap.
The shares have rallied in 2026, up 25.5% year-to-date and trading 22.6% above the 200-day moving average, with the stock within 1% of the 52-week high of $342.89.
4. Mastercard Inc. | Mkt Cap: $497B | Implied Move: 3.79%
Options traders are pricing in a 3.79% move, according to Benzinga Pro, putting about $18.8 billion of market value in play for the $497 billion payments giant.
Mastercard has been essentially flat in 2026, down 0.1% year-to-date while still trading 6.5% above the 200-day moving average.
3. Bristol-Myers Squibb Co. | Mkt Cap: $131B | Implied Move: 4.01%
Benzinga Pro shows the options market implying a 4.01% move, with about $5.25 billion of market value at stake based on Bristol-Myers Squibb’s $131 billion market cap.
Shares have rallied in 2026, up 19.0% year-to-date and trading 16.2% above the 200-day moving average, with the stock within 1.2% of the 52-week high of $64.97.
2. Altria Group, Inc. | Mkt Cap: $126B | Implied Move: 4.23%
According to Benzinga Pro, options are pricing in a 4.23% move, which equates to roughly $5.32 billion of market value at stake for the $126 billion tobacco company.
Shares have rallied in 2026, up 30.6% year-to-date and trading 14.5% above the 200-day moving average, with the stock within 2.7% of the 52-week high of $77.06.
1. Amazon.Com Inc. | Mkt Cap: $2.5T | Implied Move: 6.04%
Benzinga Pro data show options implying a 6.04% move — the widest on this Benzinga-selected list — with about $150 billion of market value at stake given Amazon.Com’s $2.49 trillion market cap.
Shares have traded largely flat in 2026, up 1.9% year-to-date, trading 1.4% below the 200-day moving average after the 50-day moving average crossed above the 200-day in May. The shares sit about 17% below the 52-week high of $278.56.
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