Mike Khouw Sees Unusual Options Activity In Apple

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On
CNBC's Options Action
, Mike Khouw spoke about unusually high options activity in
Apple Inc.AAPL
. On Thursday, Khouw noticed that there were more bearish bets than bullish bets in the name. Khouw said that the activity was in the September 115 put options, which were trading for $1.50. The breakeven for the trade is at $113.50 or 7 percent lower from the current stock price. At this price level the company would be trading at 10 times full-year earnings, excluding cash.
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Posted In: CNBCOptionsMarketsMediaMike KhouwOptions Action
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