U.S. stock futures are trading slightly higher this morning, as geopolitical concerns weigh heavily on traders. Escalation in rhetoric from Russia and Iran followed on the heels of the U.S.’s airstrike in Syria last week, and oil prices are rising this morning as a result. Elsewhere, Federal Reserve Chairwoman Janet Yellen will speak after the close of trading this afternoon, and will take part in a Q&A session at the University of Michigan.

Against this volatile backdrop, Dow Jones Industrial Average futures are up 0.04%, S&P 500 futures have gained 0.1% and Nasdaq-100 futures have gained 0.06% lower.

On the options front, volume came in average heading into the weekend, as about 13.2 million calls and 12.9 million puts changing hands. On the CBOE, the single-session equity put/call volume ratio ticked higher to 0.67, while the 10-day moving average held at 0.61.

Driving Friday’s options volume, Apple Inc. (NASDAQ:AAPL) saw mixed volume despite the leak of rumored specifications for the next-generation iMacs. Meanwhile, Facebook Inc (NASDAQ:FB) is preparing a set of “call-to-action” features for news partners to promote signups, and Alibaba Group Holdings Ltd (NYSE:BABA) was bolstered by bullish commentary from Raymond James.

Apple Inc. (AAPL)

Rumors about the specs for the latest Apple iMac hit the Street on Friday, but AAPL stock options traders showed little interest.

The biggest shocker among the list provided from MacRumors was that Apple was moving away from Intel Corporation (NASDAQ:INTC) Core i7 chips and into Intel Xeon E3 chips — a move that analysts speculate will allow new iMac to take advantage of ECC (error correcting code) memory utilized by more professional and business model desktop PCs.

It’s unusual for AAPL stock to not be moved by product rumors, and even more so for options traders to essentially “sigh.” Total volume on AAPL on Friday was respectable at 733,000 contracts, but puts and calls were split right down the middle, hinting at a rather inordinate indifference from this typically speculative crowd.

Looking out to May options, we find more of the same, with the back-month’s put/call open interest ratio arriving at 1.03. In fact, AAPL may not see an uptick in options sentiment until the shares seriously put in a challenge to overhead resistance at $145.

Facebook Inc (FB)

On Friday, Facebook announced it was providing news publishers with fresh tools to attract digital subscribers. The social media giant hopes these so called “call-to-action” tools will ease concerns that its massive online presence threatens the news industry. Facebook is also working with publishers to promote free trials for newspapers and get users to download news partners’ apps.

Like AAPL, call activity was lackluster for FB stock on Friday. More than 335,000 contracts changed hands on the session, but calls only about 58% of the day’s take — down from 65% on average. FB stock has also struggled with overhead resistance in the $145 region, and the shares are currently consolidating into support near $140.

Furthermore, the May OI configuration is only slightly more optimistic for FB stock, with the put/call OI ratio arriving at 0.87, up from a range near 0.65 last month. It’s almost as if FANG options traders are preparing ahead of time to “sell in May and go away.”

Alibaba Group Holding Ltd (BABA)

While arguably a member of the “FANG” club, Chinese online portal giant Alibaba is not your traditional tech stock. Analysts at Raymond James made sure to point that out on Friday, listing several reasons why BABA stock has more than 27% upside ahead of it and reiterating their “strong buy” rating and $138 price target. Most of those reasons centered around Alibaba’s growth outside of e-commerce and into Cloud operations.

Unlike FB and AAPL options traders, BABA traders piled into call options on Friday. Volume topped 202,000 contracts, with calls snapping up more than 71% of the day’s take.

Looking out to the May series, we find a wealth of optimism as the put/call OI ratio comes in at 0.57, with calls nearly doubling puts among options set to expire next month. The most popular May strike is the $110 call, where more than 35,000 contracts currently reside.

As of this writing, Joseph Hargett did not hold a position in any of the aforementioned securities.